A Tennessee Conservators Bond is a type of surety bond required by the state of Tennessee in order for individuals to be appointed as conservators of a minor or an incapacitated person. The purpose of the bond is to protect the assets of the minor or the incapacitated person, and to ensure that the conservator will fulfill their duties according to the requirements of the court. There are two types of Tennessee Conservators Bond: Regular Conservators Bond and Limited Conservators Bond. A Regular Conservators Bond is a bond for a full conservatorship, and a Limited Conservators Bond is a bond for a limited conservatorship. Both types of bonds guarantee the conservator will act in accordance with the court's order and the laws of the state of Tennessee.
Tennessee Conservators Bond
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As of , the average annual pay for a Conservator in Tennessee is $58,065 a year. Just in case you need a simple salary calculator, that works out to be approximately $27.92 an hour. This is the equivalent of $1,116/week or $4,838/month.
If the court decides the emergency conservatorship should continue, it cannot last longer than sixty (60) days.
While it's possible to terminate conservatorships without a lawyer, it's often much more difficult to do so. This is because conservatorship agreements are complex legal arrangements that offer details for the care of individuals who are classified as not capable of defending themselves.
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 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.
Conservatorship is defined in Tennessee Code Annotated 34-1-101(4)(A): ?Conservatorship is a proceeding in which a court removes the decision-making powers and duties, in whole or in part, in a least restrictive manner, from a person with a disability who lacks capacity to make decisions in one or more important areas
Hearings are usually held between 45 and 60 days after filing your petition.
Common bail conditions in Tennessee Submit to substance abuse testing. Check with court officials about his/her whereabouts. Comply with curfew requirements. Avoid travel beyond preset geographical areas.