Oregon Conservators Annual Accounting is an important legal document that a conservator must submit to the court to provide the court with a detailed overview of their management of the protected person’s financial affairs. This document must include all receipts and disbursements made during the conservatorship, all assets and liabilities of the protected person, and an explanation of any changes in the protected person’s financial status since the last accounting. There are two types of Oregon Conservators Annual Accounting: a Summary Accounting and a Detailed Accounting. The Summary Accounting is a brief summary of all financial transactions that occurred during the conservatorship while the Detailed Accounting provides more specific details about the transactions, including names, dates, and amounts. Both of these documents must be signed and filed with the court in order for the conservatorship to continue.
Oregon Conservators Annual Accounting
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FAQ
ORS 125.300(1). Under Oregon law, a judge can appoint an adult to make important decisions about the care and well-being of another person. This is called a protective proceeding. In a protective proceeding, a judge can appoint a guardian, a conservator or both.
The person for whom a guardian is appointed in a protective proceeding is referred to as the ?protected person.? An adult guardianship lasts until the protected person passes away, the guardian resigns, or a judge determines the guardianship is no longer needed.
What is Conservatorship? A conservator is a fiduciary who is appointed by a court to protect and conserve the assets of an incapacitated person, or a minor child. The process is similar to the appointment of a guardian.
In Oregon, we use the term ?guardianship? to refer to decisions made by a guardian about another person's welfare, medical care, residence, and associations. We use the term ?conservatorship? to refer to decisions made by a conservator about another person's finances, their property and income.
A conservator is a fiduciary who is appointed by a court to protect and conserve the assets of an incapacitated person, or a minor child. The process is similar to the appointment of a guardian.
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.
Conservatorship is similar to guardianship in Oregon, except that a conservator only makes decisions about the protected person's money or property.
ORS 125.300(1). Under Oregon law, a judge can appoint an adult to make important decisions about the care and well-being of another person. This is called a protective proceeding. In a protective proceeding, a judge can appoint a guardian, a conservator or both.