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Georgia Minor Conservator Inventory and Asset Management Plan
State:
Georgia
Control #:
GA-GPCSF59
Format:
Word
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FAQ
A conservatorship usually allows the conservator to be paid for his or her services.The costs and expenses of a conservatorship are paid from the property of the person who is the subject of the conservatorship, also called the conservatee.
A conservator of the person cares for and protects a person when the judge decides that the person cannot do it. The conservator is responsible for making sure that the conservatee has proper food, clothing, shelter, and health care.
Adult Guardianship. If a court appoints someone to take care of financial matters, that person is usually called a "conservator of the estate," while a person in charge of medical and personal decisions is a "conservator of the person." An incapacitated person may need just one type of representative, or both.
A conservator will generally have no personal financial responsibility for payment of the conservatee's bills. A conservator will be expected to act reasonably in making decisions and managing the conservatee's funds, and if negligent in do so, may face liability.
Conservator Responsibilities In rare cases, conservatorships can last much longer than state laws mandate (generally 18 or 21 years of age). The conservator uses the ward's finances to pay the bills, including medical and personal bills. They also make sure income taxes are filed and paid as needed.
Throughout the U.S., the average salary for a conservator is roughly $59,816 per year, which boils down to $28.76 per hour. Interestingly enough, conservators have the highest salaries in New Haven, CT at about $80,129 per year.
Fix the residence or specific dwelling of the young adult child. Have access to the confidential records and papers of the young adult child. Control the right of the young adult child's right to enter into contracts. Give or withhold medical consent regarding the young adult child.
The conservator has the power to collect all the conservatee's assets, pay bills, make investments, etc. The conservator must seek court supervision for major transactions, such as purchase or sale of property, borrowing money, or gifting of assets.
As of Dec 13, 2020, the average annual pay for a Conservator in California is $36,110 an year.