Professional Conservator
When an loved one is unable to make financial decisions, managing their estate can be a complex task. A conservator is a person who is appointed by a court to manage the estate of a protected person.
Sommer & Associates can assist in requesting the appointment of a conservator.
However, individuals may have or develop conflicts with siblings making it difficult to act out their duty as appointed conservator. Additionally, the chosen conservator may act dishonestly or to their own benefit (self-dealing) and to the detriment of the other estate beneficiaries. Balancing the income needs of a current beneficiary with the requirement to preserve the capital for future, or contingent, beneficiaries requires knowledge of sound, conservative investment practices. In addition, annual fiduciary returns must be filed for the estate. Individuals often face other commitments or may become disabled or die, leaving the management of the estate in limbo for an extended period of time. It may make sense to hire financial professionals to manage a protected person's estate. Please contact us for your confidential consultation.
Sommer & Associates can assist in requesting the appointment of a conservator.
However, individuals may have or develop conflicts with siblings making it difficult to act out their duty as appointed conservator. Additionally, the chosen conservator may act dishonestly or to their own benefit (self-dealing) and to the detriment of the other estate beneficiaries. Balancing the income needs of a current beneficiary with the requirement to preserve the capital for future, or contingent, beneficiaries requires knowledge of sound, conservative investment practices. In addition, annual fiduciary returns must be filed for the estate. Individuals often face other commitments or may become disabled or die, leaving the management of the estate in limbo for an extended period of time. It may make sense to hire financial professionals to manage a protected person's estate. Please contact us for your confidential consultation.
Sommer & Associates, 92 State Street, Second Floor | Boston, MA 02109
Phone: 617~227~3555 Fax: 617~367~3424
Phone: 617~227~3555 Fax: 617~367~3424