|
Kalamazoo Estate Planning - Conservatorship Law |
|
Blog
Articles
Videos
|
|
Contact our Estate Planning Attorney:
Kalamazoo: 324-2000 Battle Creek: 968-5000
Three Rivers: 273-7800 Sturgis: 659-6161
Coldwater: (517)278-6800 Dowagiac: 782-2500
Fax: (269) 585-5926 Statewide: 800-294-5055
|
In a conservatorship, the probate court appoints a person to receive, invest, and disburse a minor's assets. The probate judge determines how the money is to be invested. The money can only be spent for the minor if the probate judge consents. On the minor's eighteenth birthday, the conservatorship terminates and, if mentally competent, the assets are given directly to the minor. This occurs irrespective of the minor's ability to manage his or her own finances.
|
