Conservatorships
What is a conservator?
A Conservator is a person who is given authority by Probate Court to be responsible for the assets (called an estate) of a Protected Person (PI). A Conservator may be nominated by petition filed with the Probate Court or by a deceased parent’s will.
The Court may appoint a conservator, which would give the conservator authority and responsibility over the assets and property of another individual.
Click “What You Need to Know” for more information on conservatorships.
Click “Probate Filing Procedure” to learn the proper procedure to file for a conservatorship.
Duties of an Appointed Conservator
Conservators are appointed for a PI who is in need of having their financial affairs handled. In cases where wards have more substantial holdings, the conservator becomes responsible for determining whether assets such as real estate and tangible personal property should be bought, held, or sold. The conservator maintains ongoing contact with the PI's financial institutions to ensure it is running appropriately. The order of conservatorship provided by the court gives the conservator the legal power to make financial decisions on the PI's behalf. The conservator uses the PI's finances to pay bills, including medical and personal bills. They also make sure income taxes are filed and paid as needed. If the ward has liquid assets (able to be converted to cash quickly), a conservator can decide where the funds could be held and who would be responsible for overseeing their investment. The conservator might do this themselves or enlist the help of a professional financial adviser.
Petition for an Adult Conservatorship
Petition for Appointment of Conservator and/or Protective Order - PC 639
Acceptance of Appointment - PC 571
Report of Physician or Mental Health Professional - PC 630
Bond of Fiduciary - PC 570
Protected Personal Identity Information - MC 97
Addendum to Protected Personal Identifying Information - MC 97a
The Court appoints a Guardian Ad Litem (GAL) to interview all persons who are the subject of a petition for conservatorship before the appointment is made, to determine if the person understands the proceedings or has any objections. They also interview them periodically after the appointment to determine if they are being cared for properly. If the ward objects to the filing of the petition, then an attorney is appointed to represent them.
Once the Adult Conservatorship is Granted
The following forms are required to be filed by the conservator once the adult conservatorship is granted:
Account of Fiduciary, Short Form - PC 583
Inventory (Conservatorship) - PC 674 This form is only required to be filed once, within 56 days from the date of appointment of the Conservator.
Petition to Allow Account(s) - PC 585a
Modify or Terminate an Adult Conservatorship
The following forms must be completed:
Petition to Terminate/Modify Conservatorship - PC 676
Account of Fiduciary, Short Form - PC 583
Petition to Allow Account(s) - PC 585a
Petition for a Minor Conservatorship
Petition for Appointment of Conservator and/or Protective Order - PC 639
1) If there are two legal parents, these are the most common scenarios:
-
One parent petitions. The other parents signs a Waiver and Consent. A hearing will not be needed unless the judge requires one.
-
Both parents petition. A hearing will not be needed unless the judge requires one.
-
One parent petitions. The other parent is served with the Petition and Notice of Hearing and a hearing is set.
2) If there is one legal parent, that parent may petition and no hearing is needed.
3) If someone other than the parent petitions, the parent(s) would have to be notified of the hearing. If both parents sign a Waiver and Consent (which allows the person petitioning to be the conservator), a hearing may be avoided.
Filed Annually by the Conservator
The following forms must be filed annually by the conservator:
Account of Fiduciary, Short Form - PC 583
Inventory (Conservatorship) - PC 674 This form is only filed once, it must be filed within 56 days of the appointment of the conservator, along with the Proof of Restricted Account.
Proof of Restricted Account and Annual Verification of Funds on Deposit (Conservatorship of Minor) - PC 669
Request to Use the Minor’s Funds for the Minor’s Benefit
The following form must be filed by the conservator if requesting to use the minor's funds for the minor's benefit:
Petition and Order to Use Funds (Conservatorship) - PC 673
Modify or Terminate a Minor Conservatorship
The following forms must be completed to modify or terminate a minor conservatorship:
Petition to Terminate/Modify Conservatorship - PC 676
Minor Conservatorship - Final Account, Waiver and Consent, and Order - PC 648
Receipt of Ward and Discharge - PC 649
Fees
Hand-deliver or mail forms to the Bay County Probate Court. Signatures must be included along with the appropriate filing fee(s).
-
The filing fee to start each conservatorship is $175.00.
-
Cash, check, or money order (made out to Bay County Probate Court) or credit card.
-
Visa, MasterCard, American Express and Discover.
-
Service fees for copies and certifications apply for credit card payments only.
-
Do not mail cash