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n. a guardian and protector appointed by a judge to protect and manage the financial affairs and/or the person's daily life due to physical or mental limitations or old age. The conservator may be only of the "estate" (meaning financial affairs), but may be also of the "person," when he/she takes charge of overseeing the daily activities, such as health care or living arrangements of the conservatee. The process is that a relative or friend petitions the local superior court for appointment of a specific conservator, with written notice served on the potential conservatee. The object of this concern is interviewed by a court-appointed investigator to determine need, desire and understanding of the potential conservatee as well as the suitability of the proposed conservator. An open hearing is held before the appointment is made. The conservator is required to make regular accountings which must be approved by the court. The conservator may be removed by order of the court if no longer needed, upon the petition of the conservatee or relatives, or for failure to perform his/her duties. (See: conservatee, guardian)

See: guardian

CONSERVATOR. A preserver, a protector.
     2. Before the institution of the office of justices of the peace in England, the public order was maintained by officers who bore the name of conservators of the peace. All judges, justices, sheriffs and constables, are conservators of the peace, and are bound, ex officio, to be aiding and assisting in preserving older.
     3. In Connecticut, this term is applied to designate a guardian who has the care of the estate of an idiot. 5 Conn. R. 280.

References in periodicals archive ?
Under the regime of conservatorship, the operations of the company will be business as usual under the management of the IC-appointed conservatorship, including the processing of claims and payment of valid claims, except that it cannot sell new insurance business.
The process of placing a company under conservatorship is primarily aimed at restoring the viability of the company and allowing the Commission, through the appointed conservator, to be more directly involved in the management of the company.
Indeed, for any steel sector conservatorship to be successful, the government would also need to make progress on a range of policy areas or '5 Asks' that we have highlighted at the Midlands Steel Task Group in recent months: energy costs; emissions policy; business rates; procurement; and temporary trade defence.
This cedes the right to control the client's personal and financial affairs in case of incapacity, without requiring court proceedings that can lead to a conservatorship.
The Byneses' petition cites their daughter's arrests in recent months and concerns about her spending as additional reasons a conservatorship is necessary.
According to courthouse insiders at the Ventura County Courthouse in Oxnard, Rick and Lynn will appear before the judge on Friday to ask for a temporary conservatorship of their daughter, Radar Online reported.
Our analyses show that REITS, housing brokerage firms, residential construction firms, commercial banks, and securities firms experienced some positive valuation effects from the authorization of the bailout with the passage of the Housing and Economic Recovery Act and/or the conservatorship announcement.
It was recently claimed that Britney wants to have her conservatorship - which has her father Jamie in co-control of her personal and professional affairs - lifted.
Guardianships, conservatorships, and transfers to minors, 2009 revision, 5th ed.
While these efforts may be necessary to help mitigate the effects of the housing crisis, they also might significantly affect the costs of the conservatorship and transition to a new structure.
Britney, 27, has been under her father's conservatorship since she was famously pictured restrained by the ankle in an ambulance and hospitalised last year.
7, 2008, the government placed Fannie Mae and Freddie Mac into conservatorship.