
Conservatorship
A Conservatorship is a court appointed position, created for the purpose of protecting the assets and income of a vulnerable person. A vulnerable person may be one who is ill, easily influenced or easily pressured.
A Conservatorship is a court appointed position responsible to manage an individual’s financial affairs, and administer assets and income to pay bills, enter into contracts, and oversee the payment of living costs. Additionally, the Conservator must provide annual reports to the court.
Why have a Corporate Conservatorship?
In many situations a professional Corporate Conservator, such as Fiduciary Solutions, is preferable to an individual family member or friend acting as Conservator. A professional has the expertise and experience, and…
- A system for collecting and payment of bills and expenses
- The experience to oversee investments
- A system for annually reporting to the court
- Need for a neutral and unbiased third party
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