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Arizona Budget and/or Accounting of Conservator Part 2 (Checklist)

State:
Arizona
Control #:
AZ-MH-GC-138
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Budget and/or Accounting of Conservator Part 2 (Checklist)

The Arizona Budget and/or Accounting of Conservator Part 2 (Checklist) is a document used by conservators in the state of Arizona to help them ensure that all necessary financial tasks are carried out properly. This document is divided into two sections. The first section is the Budget section which requires conservators to provide a detailed plan of the budget for the conservatorship. This section requires conservators to include the estimated income and expenses for the conservatorship, as well as provide information on the sources of funds for the conservatorship. The second section is the Accounting section which requires conservators to provide detailed information on the accounts and financial transactions of the conservatorship. This section requires conservators to provide detailed information on the accounts of the conservatorship, including the sources of income and expenses, the balance of the accounts, and any transfers or transfers of funds. The Arizona Budget and/or Accounting of Conservator Part 2 (Checklist) is an important document that helps conservators ensure that they are meeting all of their financial obligations and protecting the assets of the conservatorship.

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FAQ

As conservator, your responsibilities involve managing the assets of the ward/protected person as a prudent person would. In other words, the conservator must ensure that the money and assets of the ward are used only for the benefit of the ward.

A conservatorship continues until terminated by the conservatee's death or by a court order. When the conservatee dies, the conservatorship terminates as a matter of law. However, this does not mean that the conservator does not have any power over the conservatee's assets after he or she dies.

Bynes was later placed in her high-profile conservatorship after it was alleged she set a small fire in a neighbor's driveway near her parents home in July 2013. She was then placed on an involuntary psychiatric hold, with her parents filing for conservatorship shortly after the hospitalization.

Creating a conservatorship requires filing a petition with the Superior Court Probate Division, describing the need to protect an individual and stating the assets that may be involved. In the case of an incapacitated adult, the court will appoint an attorney to represent him or her.

Conservatorship is a legal proceeding in which the court evaluates the vulnerability of an adult who may be unable to take care of his or her own: needs for shelter, food, medical care, manage personal finances, or may be subject to undue influence.

High-profile conservatorship cases often focus on celebrities who are at risk of squandering a large estate due to reckless behavior. Bynes was placed under a conservatorship in 2013 after starting a fire in her parents' driveway and getting involuntarily admitted to a psychiatric hospital.

For Maricopa County Effective April 24, 2023 Probate, Conservatorship, Guardianship & Fiduciary FeesProbate - Guardianship / Conservatorship$279.00Probate - Other$279.00Probate - Answer$204.00Post-judgment activities in probate cases$89.0013 more rows

Conservatorship is a legal proceeding in which the court evaluates the vulnerability of an adult who may be unable to take care of his or her own: needs for shelter, food, medical care, manage personal finances, or may be subject to undue influence.

More info

PART II: Annual Reporting to the Court and. Schedule A, as well as the second line of SUMMARY (Item 2).The conservator should use the Schedule 1 format to complete the amended budget. Schedule 2: Provides a summary of the value of the protected person's estate. ➢ As conservator, you must maintain complete records of money received (i.e. Conservator have a power of sale (See explanation on page 22 "Sale of Real. Instructions: This report has 4 sections. Complete the Personal and Financial Information form for. Guardianships and Conservatorships with full account numbers and return form to the court. 2. Establishing Guardianships and Conservatorships .

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Arizona Budget and/or Accounting of Conservator Part 2 (Checklist)