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Under U.S. law, a conservatorship results from the appointment of a guardian or a protector by a judge to manage the personal or financial affairs of another person who is incapable of fully managing their own affairs due to age or physical or mental limitations. A person under conservatorship is a "conservatee", a term that can refer to an adult.
A conservatorship may also apply to corporations and organizations. Spears was under a probate conservatorship, [citation needed] a type of conservatorship that mostly lasts indefinitely. [24] The conservatorship may be of the "estate", wherein the conservator manages the conservatee's financial affairs and other monetary transactions.
The petition form also stated that Mavis Leno, 77, is "able but unwilling" to attend a court hearing on April 9 regarding the conservatorship, but "does not wish to contest the establishment" of ...
The Texas Education Agency has provided three criteria that the school district must meet in order to end the takeover and regain local control. Those are: "No campuses should get failing grades for multiple years, the special education program should be in compliance with state and federal regulations, and the board should demonstrate ...
(However, guardianship and conservatorship accounts generally remain limited by specific state law.) In those states which adopted part or all of the Uniform Prudent Investor Act, investments must be chosen based on their suitability for each account's beneficiaries or, as appropriate, the customer.
The Texas Department of Family and Protective Services (DFPS) is responsible for investigating charges of abuse, neglect or exploitation of children, the elderly, and adults with disabilities. Prior to its creation in 2004, the agency had been called the Texas Department of Protective and Regulatory Services ( DPRS ).