What is the courts involvement once the Conservator is appointed?
The Conservator is required to file an Inventory and Appraisement (Form 550PC)** within thirty days of being appointed and the Conservator must annually report (Form 560PC)** to the Court the income and approved disbursements along with the account statements and receipts of expenditures. The Court approves expenditures from the restricted accounts once the Conservator has filed the appropriate Petitions for Expenditures and supporting documentation. The Conservator should also inform the Court as to the whereabouts of the incapacitated adult or minor. The Court has the authority to appoint visitors and guardian ad litems to check on the incapacitated adult or minor because it is the Court’s responsibility to make certain that the conservatorship is functioning in the best interest of the protected person.
Related Questions
- If the beneficiary has appointed an Attorney-In-Fact under a Power of Attorney, or had a Guardian/Conservator appointed by a court of competent jurisdiction, do I need to submit proof?
- How long does it take to get a guardian or conservator appointed by the Court?
- What Does a Guardian or Conservator of a Minor Do?
