
What Is a Conservatorship?
A conservatorship is a legal relationship wherein a court appoints someone to manage the estate of another person who qualifies as an “absentee.” Florida Statutes Chapter 747 governs the rights and duties of a conservator. According to the state, a conservator has all the “ rights, powers, and duties of a guardian of the property as established in chapter 744.” In the case of a guardian of the property, a judge may grant a guardian full power over the ward’s (and incapacitated person) estate or may limit the power granted to the guardian; however, some of the powers a guardian of the property, and therefore a conservator, might have include:
- The right to manage and invest the absentee’s assets
- The right to sell the absentee’s property
- The right to collect income in the name of the absentee.
Who Is an Absentee?
(1) Any person serving in or with the Armed Forces of the United States, in or with the Red Cross, in or with the Merchant Marine or otherwise, during any period of time when a state of hostilities exists between the United States and any other power and for 1 year thereafter, who has been reported or listed as missing in action, interned in a neutral country, beleaguered, besieged or captured by the enemy, shall be an “absentee” within the meaning of this law; and,
(2) Any resident of this state, or any person owning property herein, who disappears under circumstances indicating that he or she may have died, either naturally, accidentally or at the hand of another, or may have disappeared as the result of mental derangement, amnesia or other mental cause, shall also be an “absentee” within the meaning of this law.
Who Can Be a Conservator?
The governing statute says that a petition for conservatorship may be filed by “any person who would have an interest in the property or estate of the absentee were such absentee deceased or any person who is dependent on said absentee for his or her maintenance or support.” Usually, this may include a:
- Spouse
- Adult child
- Parent
- Sibling
How Do You Petition for Conservatorship in Florida?
In order to become a conservator you must first file a petition with the appropriate court. In the petition you must explain the circumstances that call for a conservatorship as well as provide information regarding the absentee’s Last Will and Testament and estate assets. You are also required to notify other family members that you have filed the petition as they may oppose your petition. The court will set the matter for a hearing at which you will need to convince the court that a conservatorship is warranted and that you are the appropriate person to appoint as the conservator.
Contact Us
If you have additional questions about conservatorship or guardianship in the State of Florida please contact the experienced estate planning attorneys at Kulas Crawford & Smith. by calling 772-398-0720 to schedule an appointment. In addition, please download a free copy of our “Solid Estate Plan Checklist.”
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