What if stocks and bonds are held jointly?
Will I receive a notice from the court explaining my reporting duties to the court? There is a Notice to Conservator of Certain Duties on the back side of your letters of conservatorship. What is the first document I must file with the court? Within 56 days from the date the court issues your letters of authority, you must file an inventory. What is an inventory? An inventory is a list of the real estate, bank accounts, stocks and bonds, automobiles, antiques and other valuable personal property the individual owns, together with the approximate fair market value of each item. What date do I use? The inventory should reflect the assets owned and the value of each on the date your letters were signed by the court, not the date you file the inventory. What if the conservatorship is limited in scope? If your letters of authority exempt certain property or properties from the conservatorship, do not list them on the inventory. Form PC 577 Inventory How much detail is required? You would li
