
A conservator of the estate is responsible for protecting and managing the conservatee’s finances and property. Duties may include locating and safeguarding assets, paying expenses, managing income, addressing debts, maintaining appropriate insurance, keeping detailed financial records, and filing inventories and periodic accountings with the court. A conservator of the estate acts as a fiduciary and must manage all assets solely for the conservatee’s benefit. In some cases, the same individual serves as conservator of both the person and the estate; in others, the court appoints different people to fulfill these separate roles.