If you suffer from an incurable disease or are involved in a debilitating accident,
and are unable to manage your own affairs, state law might require a civil lawsuit be initiated to have a Conservatorship
established.
In a Conservatorship, a conservator is appointed by the court and given the authority
to handle your financial affairs when you lack the capacity to manage your finances on your own.
In a Conservatorship, the appointed person manages the financial affairs of the incompetent
person, subject to the continuing jurisdiction of the court over the Conservatorship estate. Jurisdiction of the court in
a Conservatorship continues while your incapacity exists but ends at your death.
The conservator has to make periodic reports to the court and petition the court for
additional authority under certain circumstances.
Typically, a Conservatorship allows the conservator to be paid for services rendered
on your behalf and for attorney fees to be paid so that the conservator is able to seek legal advice.
In addition, the court will require your conservator to purchase a surety bond to protect
the Conservatorship estate. The costs and expenses of a Conservatorship are paid by your estate.
