New Hampshire Guardian or Conservator Accounting

State:
New Hampshire
Control #:
NH-NHJB-2160-P
Format:
PDF
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Description

This form, along with the required attachments, is a report of all the transactions that have taken place during the accounting period specified on the form. Basically, it is used to show the court the details of how the assets of a ward's estate have been managed. It will summarize the money the estate had or received , and the money spent out of the estate.

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FAQ

When signing documents, the conservator should use their title after their name to show that they are the conservator. Example: Mary Jones, as conservator for Bob Jones.

A guardian or conservator is appointed by the court when an individual has been determined to be mentally or physically incapacitated, or when a minor is in need of an adult to manage their property and assets. Those in need of such care are referred to as wards of the court.

Conservatorship account The term conservatorship account refers to a financial account in which a person or institution has been appointed by a court to manage and preserve the assets of an individual which are held in the account.

No. The conservator is not liable for the acts or debts of the incapacitated solely by becoming a conservator. However, the conservator can become responsible and liable if he or she grossly mismanages or steals the incapacitated's assets.

A Conservator is entitled to reasonable compensation and reimbursement of expenses from the Conservatorship Estate for acts on behalf of the Protected Person for the duration of the Conservatorship.

A conservatorship is a court case where a judge appoints a responsible person or organization (called the conservator) to care for another adult (called the conservatee) who cannot care for himself or herself or manage his or her own finances.

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 likewise can sign documents and can approve actions within the scope of their court granted powers, or pursuant to a Court Order authorizing a particular transaction. Only a Conservator of the Estate of an incapacitated person can sign a will on behalf of the conserved person.

The out-of-pocket costs to begin a conservatorship are the filing fee, which ranges from $278 to $1,176 (in 2019) depending on the amount of assets, plus the expenses for having the respondent personally served, getting certified copies from the court, etc., which are usually around $200.

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New Hampshire Guardian or Conservator Accounting