Annual Accounting of Conservator or Personal Representative
If you've been appointed as the Conservator for a minor or an incapacitated
adult or as the Personal Representative of a deceased person's estate,
you must account to the Court each year. In the Accounting, the Court
will require an initial inventory, a list of income received, a list of
expenses, gains and losses for the estate assets and a final inventory
of the Estate for each twelve month period.
The Annual Accounting must be provided to the Court Accountant, together
with the appropriate fee. The Court Accountant will review the Annual
Accounting and issue a Report and Recommendation.
The Report and Recommendation will either recommend that the Court approve
the Accounting or list the things that are missing or incorrect. If there
are things missing or incorrect, the Conservator or Personal Representative
must correct those items and resubmit the Annual Accounting to the Court
Accountant. The Court will not approve the Accounting until all omissions
and/or corrections are made.
If the Court Accountant recommends approving the Annual Accounting, a hearing
will be set and the Conservator or Personal Representative must give notice
of that hearing to the appropriate persons. Additionally, the issue of
the Conservator's or Personal Representative's bond must be addressed
each year in the Annual Accounting process.