Definition
Legal document issued by the court, appointing a legal guardian to handle the financial affairs of a person who is unable to handle such affairs due to being physically and/or mentally incapacitated.
An individual who has a durable power of attorney may negate the need to have the court appoint a conservator
Referring Cite
State law
Additional Helpful Information
The IRA custodian/trustee or plan trustee should review the document to determine whether it places any limitations on the transactions that can be legally performed by the conservator.
