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Why did Amanda Bynes have conservatorship?

In July 2013, Bynes was put in a 72-hour psychiatric hold after reportedly setting a fire at her home. Her parents requested the court to place her under conservatorship after what their attorney described as paranoid behavior fueled by substance abuse, according to The Los Angeles Times at the time.

What is a conservator on a brokerage account?

A conservator will typically manage another persons bank accounts, investments, and other such assets. A conservator will also manage that persons finances by paying bills, collecting debts, and managing cash flow in and out of his or her estate. Appointing a guardian or conservator.

Why does anyone need a conservator?

Conservatorship is granted when the individual in question no longer has the capacity to make decisions on their own behalf. In virtually all cases, this is a judgment based on mental incapacity. Physical incapacity will rarely, if ever, create a basis for 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 role of a conservator?

To serve as a fiduciary responsible for managing the protected persons property, but only as the court authorized in the decree. To encourage the protected person to participate in decisions, act on their own behalf, and regain the ability to manage their estate and business matters to the extent possible.

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