THE ROLE OF A CONSERVATOR
A Conservator is a person or organization chosen to protect and manage the personal care or finances (or both) of someone who has been found by a judge to be unable to do so. If there is no suitable relative or friend who is willing to serve, the Conservator may be a private professional Conservator. All Conservators are appointed by court order.
A Conservator of a Person takes care of the person's daily needs and a Conservator of the estate manages the person's finances. The Conservator of a person decides where the person will live and ensures the needs are met for the Conservatee's care and protection for health, personal needs, meals, transportation, recreation, clothing and housekeeping. The Conservator reports regularly to the court regarding the health updates about the Conservatee.
A Conservator of an Estate manages the person's finances, locates and takes control of the person's assets, accounts for income, spends monies with the person's budget, pays bills, invests money, and conserves the assets. The Conservator reports to the court regarding all financial decisions.
Each Conservator has his own proprietary fee schedule which typically is within the range of $100-$200 per hour. The court must approve each Conservator's and Attorney's fee requests at the regular "court accountings" before they can be paid. (The first accounting is filed after the first year. All subsequent accountings are filed every 2 years.)