A conservator is an individual or organization appointed by the court to exercise any or all powers and rights over the protected person’s estate. This can include: income, savings, real property, personal property, businesses or rental property and other types of investments.
A conservator is required to post a surety bond with the court for the value of the estate being administered to protect the client from financial loss or abuse. The conservator files annual accountings with the court and interested parties to report all financial activities.
A conservator does not make healthcare decisions but may work with health care decision makers in securing housing and other medical services.