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Establishing a Conservatorship for a Minor in Minnesota

Establishing a conservatorship for a minor in Minnesota may be required by the courts if the minor is set to inherit more than $5,000 from an estate, life insurance policy, or other inheritance. In the event that a conservatorship is required, there are several things that you should consider before you get started.  Conservatorships Differ from Guardianships You may or may not…

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What Protections are Available Under Minnesota Conservatorships

Those subject to conservatorships in the state of Minnesota are guaranteed certain rights and protections, as dictated by state law. These are put in place to protect against numerous things, including fraud, mismanagement of funds, abuse, etc. Whether you are a person who is subject to a conservatorship or are assuming the role of a conservator in…

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Vacant Property Coverage for Conservatorships

It’s not uncommon for those managing a conservatorship for a protected person in Minnesota to have to confront the challenge presented by vacant properties. It’s common that a protected person may still possess a piece of property where they no longer reside, but that property may still need to be protected by some type of insurance. As a conservator,…

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What You Need to Know About The Minnesota Conservator Account Review Program (CARP)

Those who are conservators in Minnesota should be familiar with a few things:  MyMNConservator: the online portal where conservators can take place in the statewide accounting review program which occurs every year.   The Conservator Account Auditing Program (CAAP): the statewide auditing program of conservators that is conducted regularly.  The Conservator Account Review Program (CARP): a newer program that…

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Can Conservators Sell Real Estate? Here’s What You Need to Know

Conservators are charged with managing the assets of a protected person, including real estate. There may come a time when one of the properties owned by the protected person must be sold. Whether this is simply the best financial decision for the protected person, or the funds made from the sale will be needed…

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Understanding DHS Background Checks for Minnesota Guardianships and Conservatorships

One of the major changes over the past few years regarding Minnesota guardianships and Minnesota conservatorships has been an increase in frequency of background checks required by the Minnesota Department of Human Services (DHS). DHS now requires these “Background Studies” to be completed by conservators and guardians every two years instead of every five years.  Background Study Requirements for Conservators and…

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Is it Possible to Transfer a Guardianship or Conservatorship to Another State?

If you are moving to Minnesota and are acting as a fiduciary as part of a conservatorship or guardianship, it is possible to transfer your status as a conservator or guardian from your current state to one in Minnesota. The process isn’t overly complicated, but it involves navigating the legal…

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The Benefits of a Special Needs Trust

A special needs trust is a special type of trust that people can set up in order to help secure the financial integrity of a protected person. This differs from a conservatorship, which is a position that a person can take in order to manage the financial assets of a…

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Reasons to step down as a Guardian or Conservator

As a conservator or guardian, you hold a special responsibility to the person whose assets and major decisions that you control. This makes stepping down from being a conservator or guardian an incredibly difficult decision. Some people feel stuck in the position out of obligation for their duties, but this…

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What to Know About Nursing Home Admission Agreements

Choosing to place a loved one in a nursing home is never an easy decision and trying to find the right nursing home can be even more of a chore. Between the price, location and the amenities offered, choosing the right facility takes a lot of consideration and time. Once…

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