Michigan Sample Letter for Check Representing Balance of the Conservatorship
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How to fill out Sample Letter For Check Representing Balance Of The Conservatorship?
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FAQ
The primary duty of a conservator is to preserve the assets of the protected individual. A conservator also has the duty to use the protected individual's money for the support, education, care and benefit of the protected individual and his or her dependents.
Conservators are entitled to reasonable compensation from the estate, if not otherwise compensated for services rendered.
Guardianship is a court order that allows one person to make decisions for another person. There are two types of adult guardianships in Michigan. The first is for persons described as ?legally incapacitated individuals? and the other is specifically for people with intellectual or developmental disabilities.
A conservator is responsible for the collection, preservation, and investment of the individual's property and must use the property for the support, care, and benefit of the individual and his or her dependents.
?The court may appoint a conservator in relation to the estate and affairs of an individual who is mentally competent, but due to age or physical infirmity is unable to manage his or her property and affairs effectively and who, recognizing this disability, requests a conservator's appointment.? MCL 700.5401(4).
Yes. If a guardianship or conservatorship was established, and the guardian or conservator wanted to terminate the Power of Attorney and a dispute arose over the management of the assets by the person acting under the Power of Attorney, the Probate Court could hear this matter.
Guardianship Salary in Michigan. $85,800 is the 25th percentile. Salaries below this are outliers. $146,200 is the 75th percentile.
Generally it can be said that the guardian makes decisions about the person, such as medical or housing decisions, and the conservator makes decisions about the property or the finances of the person. A guardian and a conservator can be the same person or institution or they may be different.
