Conservatorship

A conservator is appointed to make financial decisions for the protected person (“Conservatee”.) The conservator typically has the power to enter into contracts, pay bills, invest assets, and perform other financial functions for the protected person. This individual has the power over the estate – They take care of money and property. They handle the income and pay the bills of the ward. They must tell the court – usually yearly – what money came in, how it was spent and why. They can be held responsible for doing the wrong things with the money

Protected persons

Protected persons are those individuals who have had conservators appointed for them because they lack similar capacity and have demonstrated an inability to make decisions regarding their financial affairs or estate.

What rights does a ward or protected person have?

The ward or protected person has legal rights. There may be some limitations depending on the orders from the court. A ward or protected person has the right to:

– Be treated with respect. This includes respecting about medical
preferences and religious beliefs.

-Get needed medical treatment in a timely manner.

-Control the things in life that have not been ordered by the court to
be someone else’s responsibility.

-Have a guardian or conservator who meets their needs.

-Ask the court if they want to change where they live or keep someone
from moving them.

-Care, comfort, social and recreational needs, training, education,
rehabilitation care and services.

-Decide what should be done with personal belongings
like clothes, furniture, vehicles. They also have the
right to ask the court to review a guardian or
conservator’s plans to deal with their personal
belongings.

-Etc. Speak with Mr. Herrick today to discussion your questions further.

Asset Protection

Asset protection planning involves reviewing your assets and to protect it from future creditors.

Exploitation of Adults

Exploitation of adults may have different indicators and various types of exploitation.

Drafting Wills

Minnesota Law allows persons 18 years and older with a sound mind to make or execute a will.

Estate Planning

Estate planning helps you manage and preserve your assets while you’re alive.

Estate Tax Issues

Minnesota imposes a tax on the estates of individuals who are residents of the estate when they die.

Living Wills

Living Will is a document that gives your loved ones and medical providers guidance to make medical and health care decisions for you.

Trusts

Putting assets in trust can enable the trust and its assets to pass directly to heirs without the publicity and cost of probate.

Power of Attorney

A power of attorney is written permission for someone to take care of property or money matters for you.

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