Preserve Financial Support With Conservatorships
Many people use the terms “conservatorship” and “guardianship” interchangeably. While both conservators and guardians protect vulnerable people, such as young children or adults with disabilities, they have different roles. A guardian cares for the person and their daily needs, while a conservator handles estate and financial asset matters.
At Janssen Law, PLC, Attorney Dallas Janssen has experience in all estate planning matters. He is passionate about helping families protect the future of their loved ones. He can help you establish a conservatorship in your will to preserve the finances and assets you pass on to your protected family members. Your family has unique needs, and he will work closely with you to meet those needs.
Establishing A Conservatorship
It is a good idea to establish a conservatorship in your will if you have minor children or others who depend on you for finances. When the conservatorship is to go into effect, an Iowa court must first determine that the protected person, called the “ward,” in legal terms, cannot make financial decisions on their own. Then, the court must also collect evidence that the proposed conservator has experience managing finances.
It is important to note that one person can be both a guardian and a conservator, but this depends on the person and your family’s needs. Dallas will make sure that you understand all the options available to you and help you choose the best decision for your family’s future.
The Duties Of A Conservator
A conservator can be an individual or an organization. What is most important is that you can trust that person to protect your finances for your protected family members.
The conservator’s responsibilities granted by the court include:
- Managing all estate matters
- Paying debts and taxes
- Collecting payments
- Handling contract issues
- Managing spending
Some responsibilities require prior approval by the court. Those include:
- Payments that benefit the ward
- Medical expenses
- Selling the ward’s property
- Gifting in the ward’s name
- Terminating contracts
Dallas Janssen Can Help Protect Your Family
Dallas is here to help you with all your estate planning needs. It is important to him that you understand the process. Whenever you have a question, he invites you to call him. He will help you find the answers. Contact the firm online or call his office in Des Moines at 844-879-2839 to schedule your free consultation today.