Probate law is one of the most rewarding areas of our firm's practice, and conservatorships are among the most important probate legal tools to safeguard the property of an incapacitated person. Lindsey Eastwood Law is knowledgeable about the procedures for creating a conservatorship and can help you and your loved protect his or her assets.
A conservator is a person appointed by the probate court to manage the property of a minor or incapacitated person. An incapacitated person (also referred to as a “ward” in the context of a conservatorship) is one who is unable to manage property and business affairs because of a mental illness, mental deficiency, chronic intoxication, chronic use of drugs, infirmities accompanying advanced age, physical illness, or other like reason.
A family member or any interested person may serve as a conservator. The probate court will consider the following persons, in priority order, for appointment as a conservator:
Conservatorships are resolved before the probate court, often involve hearings, and usually require testimony and documentation to prove the ward’s incapacity. Appointment of a conservator requires a surety bond, which protects the assets of the minor or incapacitated person. The amount of the bond will depend on the amount of the assets in the estate, but the probate court will not approve a conservator if the conservator cannot be bonded or was not bonded for an amount at least equal to the assets in the estate of the minor or incapacitated person. Note, the bond requirement may be waived by a power of attorney. Also, once appointed, a conservator must complete an inventory of the estate immediately and file it with the court ninety (90) days after the appointment. Accountings to the court are required at least every three years. The probate court may order an accounting more frequently.
In Alabama, appointment of conservator or a guardian requires the following steps:
If you have questions about filing a petition for a conservatorship, contact Lindsey Eastwood for a consultation.
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Contact Lindsey M. Eastwood
2001 Park Place, Suite 875
Birmingham, AL 35203