Conservator of the Estate and/or Person
When a person is legally conserved, the responsibility to handle financial matters and/or personal matters rests with another individual appointed by the court as conservator. The conservator has the duty to act in the best interest of the conservatee, always taking into consideration the conservatee’s opinions, desires, and wishes when making decisions. Professional fiduciaries provide conservator services, and know what is legally, morally, and ethically expected of them. Part of being a conservator, whether a professional or a family member, includes filing regular financial reports (called court accountings) with the court for its review and monitoring of the case. The reporting alone can be intimidating to a family member who is a conservator. Professional fiduciaries know just what to do and how to do it.