Conservatorships in Arizona – Magellan Law, Scottsdale, AZ
A Conservator is appointed to control assets of an incapacitated adult or minor child. This person, or entity, is court appointed in cases where an adult is gravely disabled, not mentally stable, mentally incapacitated, or not able to take care of their own finances. An increasingly common example of conservatorships is an older person who develops dementia or Alzheimer’s disease. This person will also be assigned in the case of a minor child inheriting or winning a large sum of money. They will be in charge of disbursing this money when the minor child becomes 18.
Establishing a Conservatorship requires a formal legal proceeding and involves several steps. At Magellan Law, we can help with:
- Emergency Conservatorship (when assets need protection immediately)
- Establishing a permanent Conservatorship
- Disputes in Conservatorship
- Preparing a budget and sustainability calculation
- Preparing an inventory
- Preparing annual accounting
- Ensuring that you get paid for your time
- Protecting you from claims of mismanagement of conservatorship money and assets
- Managing complicated assets, such as real estate, promissory notes, and investments
Contact us at Magellan Law to discuss whether you need help setting up an Arizona Conservatorship.