Tennessee Conservatorship Inventory is a court-ordered inventory of assets held by a conservator for an incapacitated person. The purpose of a conservatorship inventory is to provide a detailed account of all the assets of the incapacitated person, including real estate, bank accounts, investments, and other personal property. The Tennessee Conservatorship Inventory must be filed with the court and must be updated regularly. There are two types of Tennessee Conservatorship Inventory: one for estate property, and one for personal property. The estate property inventory must include all the property owned by the incapacitated person, such as real estate, bank accounts, investments, and other assets. The personal property inventory must include all the items owned by the incapacitated person, such as furniture, jewelry, clothing, and other personal items.
Tennessee Conservatorship Inventory
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How to fill out Tennessee Conservatorship Inventory?
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FAQ
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.
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.
A court can grant an emergency conservatorship if it finds there is a chance of immediate harm to the health, safety, or welfare of the ward. A hearing must occur within five (5) days to determine whether the emergency conservatorship should continue.
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.
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.