A conservator is appointed by the court to make decisions about the financial affairs of the ward. Generally, the conservator controls all of the ward’s income & property. There are two distinct categories for court assigned conservatorship: with court approval and without. And three different levels of conservatorship available: general, limited and standby conservatorship.

 

Conservatorship duties may include:

• Bill paying

• Suing or defending claims

• Selling or transferring personal property

• Voting at corporate meeting

• Collecting principal & income from any source

• Investing funds

• Executing leases

• Support payments

• Settling legal claims

• Canceling contracts

• Making gifts

 

General or full conservatorship gives the conservator the authority to make all but a few decisions on behalf of the ward.

 

An arrangement that gives only specific powers set by the court order.  By doing this, the court says that in all other matters, the ward can still make his or her own decisions.  

 

The petition shall contain the express condition that the petition be acted upon by the court only upon the occurrence of an event specified or the existence of a described condition of mental or physical health of the petitioner.  The occurrence of the event, or the existence of such condition, shall be established in the manner directed by the petition.  The petitioner, before the appointment, may revoke the petition provided the petitioner is of sound mind.