On occasion, property may need to be sold which is subject to a “Conservatorship” or a “Guardianship.” A Conservatorship is a legal concept where a “Guardian” or “Conservator” is appointed by the Court to manage the financial affairs and/or daily life of another. The “Conservatee” is the person determined by the Court to be unable to protect and manage their own personal care or financial affairs, or both.
A “Conservator of the Estate” is a person who handles the Conservatee’s financial matters, such as paying bills and collecting a person’s income, if the Court determines the Conservatee cannot perform those functions. A “Conservator of the Person” is a person appointed by the Court that cares for and protects an individual when the Court determines that the individual cannot provide for their own care.
For additional information concerning Real Estate and Probate, Trusts and Conservatorships, please feel free to contact us by phone or email at vahn@vahnalexander.com.
This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.
