A conservator is one appointed by a court to have the care and custody of the estate — i.e., finances, property, debt, etc. — of a minor or a disabled person. A “minor” is someone under the age of eighteen (18); a disabled person is generally someone who is unable by reason of any physical or mental condition to receive and evaluate information or to communicate decisions to such an extent that the person lacks ability to manage his financial resources.
When does a conservatorship end? In one of seven (7) circumstances: (1) when a minor ward becomes eighteen years of age; (2) upon an adjudication that an incapacitated or disabled person has been restored to his capacity or ability; (3) upon revocation of the letters of the guardian or conservator; (4) upon the acceptance by the court of the resignation of the guardian or conservator;(5) upon the death of the ward or protectee except that if there is no person other than the estate of the ward or protectee liable for the funeral and burial expenses of the ward or protectee the guardian or conservator may, with the approval of the court, contract for the funeral and burial of the deceased ward or protectee; (6) upon the expiration of an order appointing a guardian or conservator ad litem unless the court orders extension of the appointment; (7) upon an order of court terminating the guardianship or conservatorship.
Contact us with questions relative to guardianship, conservatorship, or other probate matters.