Conservators are responsible for the finances of the Protected Person, and they are subject to oversight by the court.​

The Massachusetts Probate and Family Court grants immense power to Guardians and Conservators over the health and finances of protected persons. They balance these grants of power with systematic oversight to ensure that appointed fiduciaries are acting properly.

Shortly after being appointed, Conservators must create and file an inventory and financial plan. Moving forward, they must file annual accounts that list all of the income and expenditures incurred on behalf of the protected person. It is generally good practice to Petition the court to allow these accounts every so often, in order to certify that the Conservator's actions were proper.

While Conservators have primary financial authority, if a Conservator has not been appointed, then a Guardian may have financial authority instead. In these cases, the Guardian may be responsible for inventories and accountings in the same manner as a Conservator.

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We're glad that you're using this website to educate yourself about these important issues. While it may seem daunting, the most important step is as simple as a phone call or email.

CONTACT INFO

The Law Office of David E. Peterson

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Danvers, MA 01923

978-406-9790

info@deplawfirm.com