Conservatorship
When an individual can't manage their own finances, a conservatorship may be established in the probate court.
Call Michigan conservatorship attorney, Dean E. Patrick so that he can help you:
- Establish conservatorship
- Terminate conservatorship
- Modify conservatorship
- Contest conservatorship
- File conservatorship accounts
When an individual can't make financial decisions for themselves, a conservatorship may be established in the probate court.
A nominated conservator is charged with managing the finances of the incapacitated individual.
For those unwilling to subject themselves or their estate to the probate court you can plan. By working with Attorney Patrick, you can avoid the intrusive probate court while assuring someone you trust is making financial decisions for you and your loved ones.
Choosing a Conservator
A conservator nominated to handle your finances has a real responsibility. You need someone in place that can handle this responsibility. For a husband and wife scenario, it usually appropriate for the spouse to handle financial decisions for the other upon incapacity. If you are not married, children or close family can usually handle the responsibility of agent.
Some important attributes of a good conservator candidate include:
- Trustworthiness.
- Fiscally responsible so as to handle your financial affairs appropriately.
- Easy to communicate with as necessary.
- Location is usually not an issue for financial matters however court appearances are required.
What is most important is that your conservator be the best choice for your estate. This process is not about making people feel equal. It is about assuring your wishes are followed when you no longer have a say in the matter.
For a list of frequently asked questions about conservatorships, you can click here.