Conservatorship with A&G Business Services

A conservator is someone who has been given legal authority by a court to handle the financial affairs of an individual who is unable to manage his or her own finances. 

The court will appoint a conservator when it has been determined that an individual is not able to manage his or her own finances usually due to a medical condition such as a developmental disability, dementia, brain injury or stroke. The court appoints a conservator when there is a need to pay for needed care, to manage money or to recover stolen assets and when there is no less restrictive alternative than a conservatorship. 

The conservator acts as an agent of the court. The conservator has a fiduciary responsibility to conserve and manage the Person Subject to Conservatorship’s estate and is accountable to the court for the management of the estate.

Arranges for their care, including food, housing, clothing, and personal care.

Protects them and their property from harm or mismanagement.

Provides regular financial and activity reports to the court to ensure accountability.

Incapacity: The person is unable to make decisions because of a mental illness (like dementia) or a physical condition.

Disability: A permanent mental or physical disability can prevent someone from achieving independence and managing their affairs.