Life is the most precious and beautiful gift of God with its own ups and downs that we need to deal with on daily basis. But as every journey has its own end, life also comes to an end with death which is the most inevitable. After death occurs in any family, there is sorrow all around with a lot of unrest in the whole family, considering the mourning along with worries of debts orland and home acquisition.
Conservator of the estate after death
A Conservator of the estate after death is a person who is determined to be appointed by a person known as a conservatee because of his physical or other problems to tackle financial matters.A general conservatorship keeps working until the conservatee dies after which a different process has to be followed.Most courts and conservatorships are not interested in “permanent conservatorship” because then the conservatee can never regain independence. So it continues till it has to be terminated due to order by court or because of the death of the conservatee but even after such unfortunate incident there is conservation policy of the estate to the personal representative of the conservatee as per the law along with proper holding of the court for handling and settlement of the accounts of conservator. There is no statutory authority which exists for any of the accounting purposes.
Final accounting and personal representative
There can also be a case where the personal representative was also the conservator then:
- He/she is not allowed to use his representative position for own benefit by relieving his obligation or in any other way.
- The court of law can also provide a waiver of the relationship if it is executed by the beneficiaries of the estate which is owned by the conservatee.
- There can be other procedures allowed according to the law of any Country or State.
A final account has to be filed with the court if such misfortunate incident takes place. The person who submits this to the court eventually becomes the personal representative, receiving the documents of the authority along with turning over the assets too. When there is no probate which administers the assets and claims of the person who has expired then the other medical bills and stuff can also be added to the final accounting which is done when you want to be discharged.
It is highly advisable to talk to a professional or read online and make any move after having full knowledge and understanding of things.