What Are The Conservator’s Duties?
The Conservator also serves in a fiduciary capacity with the same responsibility to exercise reasonable care, diligence and prudence and to act in the best interest of the incapacitated person. Like the Guardian, his specific duties will be spelled out in the Court order. By statute, his duty is to preserve and manage the estate of the incapacitated person, considering the desires of that person, his accustomed manner of living, the size of the estate and the recommendations of the Guardian, if one has been appointed. Six months after appointment, the Conservator is required to file the first of annual accountings with the Commissioner of Accounts showing amounts received and disbursed on the incapacitated person’s behalf.
