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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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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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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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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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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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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Can a guardian or conservator be replaced after they are appointed? Can they step down, relinquish their duties to a protected person or estate, or find another person to replace them? The answer to all of these questions is “yes”. If you are a protected person, you can, under certain…
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When a person passes away, they often leave behind a collection of assets or a estate that is passed on to a set of beneficiaries. At times, they often leave behind debts that also need to resolved. The main questions that people have is who is responsible for paying them?…
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Setting up a conservatorship or guardianship comes with a few costs, most of which people don’t really expect when they begin thinking about appointing someone to the position. If you are thinking about appointing a guardian or conservator for a protected person, these are a few of the costs you…
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As a fiduciary or guardian in Minnesota, it is a person’s responsibility to not only manage the assets of a person, it is also their responsibility to work with the courts and their attorney to close out their case when their duties are completed. There are many fiduciary roles in…
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