Conservator:

Definition:

A conservator is a legal term referring to an individual or organization appointed by a court to manage and protect the affairs and assets of someone unable to do so themselves. This person, known as the conservatee, is typically someone who is elderly, incapacitated, or has a disability that impairs their decision-making abilities.

Responsibilities:

• Financial Management: A conservator is responsible for handling the financial affairs of the conservatee. This may include managing investments, paying bills, handling tax returns, and overseeing any real estate or other valuable assets.
• Personal Care Decisions: In cases where the conservatee is unable to make informed decisions regarding their personal care, such as healthcare choices or living arrangements, the conservator assumes the responsibility of making these decisions on their behalf.
• Reporting: A conservator is required to provide regular reports to the court detailing the actions taken and decisions made on behalf of the conservatee. These reports are intended to ensure transparency and protection of the conservatee’s interests.
• Advocacy: Acting as an advocate for the conservatee, the conservator must always act in their best interests, taking into account their wishes, values, and preferences to the extent possible.
• Asset Protection: One of the key roles of a conservator is to safeguard the conservatee’s assets and protect them from misuse, fraud, or theft.

Appointment:

A conservator is typically appointed through a legal process. This may involve filing a petition with the court, presenting evidence of the conservatee’s incapacity, and demonstrating the need for a conservatorship. The court will then evaluate the situation and determine whether to grant the appointment of a conservator.

Termination:

Conservatorships may be terminated when the conservatee regains the ability to manage their own affairs, upon their passing, or if there are significant changes in the circumstances warranting the termination. A court hearing is usually required to terminate a conservatorship.