Guardianship or Conservatorship Accounts

If you are a guardian or conservator, you may be familiar with the following responsibilities:

ü      Taking possession of the property of your ward

ü      Safekeeping assets

ü      Filing an annual inventory with the court

ü      Collecting income

ü      Buying, selling and investing assets

ü      Disbursing income or principal to, or on behalf of, your ward

ü      Keeping accurate records

Assuming the responsibility for all of a person’s financial matters is often too time consuming for an individual and can lead to family arguments.  Our Trust Department serves as Guardian or Conservator, subject to court appointment, to act in that capacity.

By naming a neutral party, such as our Trust Department, as guardian or conservator you can save yourself the trouble and heartache sometimes caused by appointing family members as guardians.

Benefits to you:

§         Provides impartiality to prevent dissension among family members

§         Provides peace of mind for family knowing that a professional is working in the best interest of the ward

§         Ensures that the ward’s financial affairs are properly cared for (bills are paid, interest is collected and deposited, etc.)