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What conservator means?

A conservator is an individual who handles the financial or daily life affairs of a conservatee, or a party deemed incompetent by a court. The roles of conservator and conservatee follow from the legal concept of conservatorship which is similar to legal guardianship.

What is the legal definition of a conservator?

A conservator is an individual who handles the financial or daily life affairs of a conservatee, or a party deemed incompetent by a court. The roles of conservator and conservatee follow from the legal concept of conservatorship which is similar to legal guardianship.

What is a conservator in banking?

The United States Social Security website defines a conservatorship account as a financial account in which a person or institution has been appointed by a court to manage and preserve the assets of an individual which are held in the account.

What is the meaning of guardian account?

Typically, the guardian is a family member or close friend. They have the same rights and responsibilities as a parent does for their minor child, making guardianship on a bank account similar to a minor savings account. Guardianships are treated the same way as minor accounts theres just a legal document present.

What is a guardian account?

A Guardianship account is established by the court when a person is legally incapacitated and unable to manage their financial affairs. The court-appointed guardian of a persons estate can be an individual or guardianship services organization, which manages the financial affairs of the incapacitated person.

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