Tennessee Conservator Affidavit with Accounting
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How to fill out Tennessee Conservator Affidavit With Accounting?
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FAQ
How is a guardianship or conservatorship set up? Someone interested in the individual's welfare must file a petition in Superior Court, Probate Division, requesting appointment of a guardian or conservator. Once the petition is reviewed by the Probate Division and accepted for filing, a hearing is scheduled.
The person who believes another needs a conservator must file a petition with the court in the county where the ward lives. The petition must include a report by a doctor, psychologist, or senior psychological examiner that explains the proposed ward's medical condition.
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 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.
Conservatorship must be court-ordered and is based on medical proof, such as physical or psychological evaluations, as well as lay witness testimony describing the individual's inability to care for him or herself. Any interested party (not just a relative) can petition the court for conservatorship.
File a Petition For Conservatorship with the court: File a Confidential Supplemental Information Form: File a Confidential Conservatorship Screening Form: File a Duties of Conservator Form: Serve Notice on the Conservatee: Provide Notice to the Conservatee's Relatives:
How long does it take? If the conservatorship is uncontested, it usually takes about four to eight weeks.
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.
Conservatorship is a legal concept whereby a court appoints a person to manage an incapacitated person or minor's financial and personal affairs. The conservator's duties include overseeing finances, establishing and monitoring the physical care of the conservatee or ward, and managing living arrangements.