Conservator

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conservator

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)

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 ?
All plans issued before the conservatorship order would remain valid 'and the obligation of the company' to its plan holders isn't erased.
The suit comes two weeks after the conservatorship for similar reasons sought and received a five-year restraining order against Spears' former manager Sam Lutfi.
However, Penny, who also oversees Spears' conservatorship case, kept the courtroom open on Thursday.
"The last thing any California state judge wants is to do something incorrectly and inappropriately and be the subject of a story about a judge that has done something wrong by Britney Spears," said Larry Rudolph, Spears' manager, who is not involved in the conservatorship but has worked with her for many years.
The anguish she feels over the events that led to conservatorship is clear, and this passion comes through in her writing.
Media inquiries on conservatorships, probate, trusts or estate planning topics are also welcome.
The essential distinction between outright nationalisation and 'conservatorship', would appear to be that whilst the authorities (or regulators) take over financial responsibility for the debt and day-to-day operations of the beleaguered enterprises, the company structure is effectively retained, although with contemporaneous board-level changes and business strategy reviews.
Since the start of conservatorship, 605,000 such foreclosure-prevention steps have been tallied.
KTB, Bulgariaas fourth-largest lender, has been closed since June 20, when a bank run caused BNB to place the bank under conservatorship.
But there are ways to deal with a potential conservatorship that may mitigate the difficulties of one, or can even help clients avoid them altogether.
A source revealed: "The contract clearly states if Britney's conservatorship ends, Caesars Entertainment has the right to cancel the deal.
-- A court filing by Amanda Bynes' parents says they are ''deeply concerned'' that their actress daughter is a danger to herself and others, and she needs to be placed in a conservatorship.