A Conservator is a person granted authority by the Court to be responsible for the "estate" of an adult ("Protected Individual") or minor child. A Conservator is needed if an individual is unable to effectively manage his or her property or business affairs.
A prospective Conservator may be nominated for appointment by a Petition filed with Probate Court. The petition can be filed by an individual interested in the person’s estate, affairs or welfare or the alleged Protected Individual themselves.
Upon appointment, a Conservator of a Protected Individual must accumulate, preserve, and protect the assets of the Protected Individual. If the Conservatorship is over a minor's estate, the Conservator must keep all the minor's funds in a restricted account and file proof of that with the Court annually.