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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.
In Tennessee, a guardianship is essentially the same but can only be used for someone seventeen (17) years old or younger. Conservatorships are for adults ages eighteen (18) and older. Other states may use these terms differently.
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.
Power of attorney is when you voluntarily assign someone the right to make legally binding decisions on your behalf. A conservatorship is when the court assigns someone the right to make those decisions for you. While you can rescind power of attorney at any time, only a court order can rescind a conservatorship.
Conservator of the Estate: This means the you are in charge of the assets and income of the person for whom you have been appointed. It is also your duty to timely pay all bills of the person for whom you have been appointed.
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.
Does a conservatorship end when your loved one dies? Yes. A conservatorship ends when the protected person is deceased, or upon court order.
The conservatorship shall be terminated when: The person has developed or regained capacity in areas in which he or she was found incapacitated by the court. The person expresses the desire to challenge the necessity of all or part of the conservatorship. Less restrictive alternatives exists.