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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.
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.
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 ...
(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.
In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especially in cases where a company cannot meet its financial obligations and is said to be insolvent. [1]
Amanda Bynes. MediaPunch/Shutterstock UPDATE 2/25 05:22 p.m. ET According to court documents obtained by Us Weekly, Amanda Bynes’ psychiatrist noted that his patient has “no apparent ...
The cemetery was placed into conservatorship in 2021 due to neglect. [11] Woodward Hill Cemetery: 1856: Lancaster, Pennsylvania: Founded in 1850 by the Evangelical Lutheran Church of the Holy Trinity and became a non-denominational cemetery in 1856. [12] Holyhood Cemetery: 1857: Brookline, Massachusetts: Lake Forest Cemetery: 1857: Lake Forest ...
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