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Have you been approached about serving as a guardian or conservator for a family member or close friend? It can be a challenging role, but so long as you understand…
Conservators are needed if you suspect abuse from taking place. They are established to prevent the abuse and waste of a protected person’s assets. If you are a family member…
In most cases involving conservatorship, the courts will appoint a person or organization to manage the financial assets of a protected person. This is the most basic explanation of the…
The process of appointing a person or professional company for a conservatorship or guardianship can differ from state to state, but there is a general process that applies to most…
While conservatorship accountings occur on an annual basis in most states, not every conservator will be subject to a more extensive audit. If you are a conservator and have received…
One of the most important things a person can do when acting as a fiduciary for a trust is understand what’s involved in the role. It’s more than signing a…
When a vulnerable person is unable to manage their estate and/or make certain decisions regarding their care, it becomes necessary for the court to appoint a conservator or guardian. The…
As an appointed conservator, you have a fiduciary responsibility to conserve and manage the estate of a protected person. This duty includes taking charge of the financial assets and day-to-day…
The fundamental difference between guardians and conservators is in the power they are given. Both protect a vulnerable person, but conservators and guardians have very different roles when it comes…
Trustees manage the distribution of a trust’s assets to certain beneficiaries. Since this responsibility comes with a substantial amount of financial management, certain accounting practices become necessary to effectively manage…
Need help understanding new bond jargon? Not sure what an insurance term means? Check our glossary for an A to Z directory of legal terms related to insurance and bonds.
MyMNConservator (MMC) is an online conservator account reporting application that allows conservators to file their inventory and annual accountings electronically.