Missouri Sample Letter regarding Order Transferring Matter of Conservatorship
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FAQ
Compensation of guardians and conservators. ? A guardian or conservator shall be allowed such compensation for his services as guardian or conservator, as the court shall deem just and reasonable.
A conservator has no authority to make decisions regarding another individual's personal affairs. Only a guardian has the power to make such decisions. A person may be both guardian and conservator for an individual who is adjudged incapacitated or disabled.
The pros are that a conservatorship provides the greatest flexibility in being able to manage the changing needs of the subject person, arranging long term care, housing and being able to contract with providers as needed. As for the cons, conservatorships are time-consuming and expensive.
A conservator is a person or a corporation, such as a bank or trust company, appointed by a court (again, usually the probate division of the circuit court) to manage the property of a minor or of an adult person who has been legally determined to be disabled.
The conservator of the estate of a minor or disabled person shall, under supervision of the court, protect, preserve, and manage the estate, apply it as provided in this code, account for it faithfully, perform all other duties required of the conservator by law, and at the termination of the conservatorship deliver ...
