Filing for Conservatorship
After filing for conservatorship, the court will appoint that conservator to protect the funds or assets of that minor. Funds for the minor’s education, healthcare, support and other needs will be allocated to the conservator. The person appointed conservator will be charged with inventorying of property and assets and will make financial decisions based on the best interests of the minor. That conservator will also submit an annual report of finances and a detailed account of the estate. A conservator may also create a revocable trust for the minor.
The court can appoint a family member or trusted family friend as conservator of a minor. If that minor is 14 or older, he or she can nominate someone for the job.
Taking sole responsibility for the finances of a minor can be complicated and entails a great deal of trust and responsibility. The guardianship lawyers at Shapiro Law Group, PC, understand what may be at stake and what kind of obstacles may arise. Our firm will take the time to get to know the situation and we will advise conservators about all of the options and duties for which they have signed up. The trusted and knowledgeable attorneys at Shapiro Law Group, PC, will work with a conservator to explore the best approach to handling financial matters. We will also work to ensure someone filing for conservatorship of a minor has a clear understanding of the undertaking and provide any ongoing legal support that may be needed.
The attorneys at Shapiro Law Group, PC, are ready to help you. Contact us today to set up your free initial consultation. (339) 298-2300.