Family Management offers conservatorship services in Iowa, specifically the Cedar Valley and surrounding areas. A conservatorship is a legal process by which someone is court appointed to make financial decisions for an individual.
There are two types of conservatorships:
- Voluntary: The individual voluntarily agrees to allow someone to handle all of their financial decisions.
- Involuntary: This is primarily used in cases where the individual is incapacitated or disabled and cannot agree to the action. In this case, a guardian ad litem would be appointed for the individual to determine if the conservatorship is in their best interest.
When Family Management is appointed as conservator, our staff will:
- Make decisions regarding the client’s property and other financial decisions
- Protect client’s finances
- Collect, receive, and receipt income
- Manage assets
- Sell personal and real estate property
- Invest funds
- Make payments on the client’s behalf
- Attend any necessary court hearings and file necessary reports
Frequently Asked Questions:
Who needs a conservatorship?
- Someone who can no longer manage their own financial affairs because of physical or mental issues.
- Someone who needs protection from financial abuse.
- Someone whose relatives or friends do not have the resources to help them with their financial responsibilities.
How can a conservatorship help?
- Family Management will advocate with the clients’s creditors to ensure that debts are paid.
- Family Management can assist in prearrangement for final expenses.
- If liquidation or consolidation of assets is necessary, Family Management perform these duties under the conservatorship.
- Department of Human Services, energy assistance and rent rebates will be completed on behalf of the client and submitted on time.