A conservator in a person appointed by a probate court and given power and responsibility for the estate (financial assets and property) of an adult.
A conservator may be needed when the individual is unable to manage his or her property and financial affairs effectively because of certain reasons, which include: property and assets may be wasted unless proper management is provided, and funds are needed for the support, care, and welfare of the adult and any of his or her Dependants.
An adult may be unable to manage his or her property and assets because of mental illness, mental deficiency, physical illness, physical disability, chronic use of alcohol or drugs, confinement, or disappearance.
The probate court may also appoint a conservator to conserve and handle the estate (financial assets and property) of a child. That would occur when a child receives assets and property through an inheritance or from the proceeds of a lawsuit.
At Twiss and Twiss we have extensive experience in all conservatorship matters.