At Georgia Fiduciary Group, we have successfully administered thousands of conservatorships of minors and adults and actively manage approximately 200 conservatorship estates at any given time.
Our minor conservatorships are typically funded from inheritances due to the minor or from personal injury or worker's compensation cases. In these instances, we are typically involved from the initial filing of a Petition for Letters of Conservatorship in the various probate courts. We are often called upon to assist with settlement negotiations and the approval of settlements in the probate courts or state courts or before the State Board of Worker's Compensation.
When serving as Conservator for a minor, we handle the collection of assets, the filing of all reports in probate court, the management and investment of assets and the filing of tax returns, through our trusted partnerships with various financial advisors and accountants, and the final distribution of assets when the minor turns eighteen (18).
Often, where appropriate, our fiduciaries are able to draft Settlement Protection Trusts, where we typically serve as Trustee, allowing us to close the conservatorship and extend the payment schedules past a minor's eighteenth (18th) birthday.
For our adult conservatorship clients, we are typically appointed through the various Georgia probate courts for a variety of reasons. Often, elder law, special needs, and probate attorneys reach out to us because of our reputation as professional conservators and our ability to secure large fiduciary bonds, as required by the courts. A professional, third party conservator can bring a level of peace and neutrality to difficult family situations, where children may be disagreeing about the care of an aging parent or where aging individuals may be struggling to care for themselves and their partners.
In our role as County Conservator and because we have no minimum asset requirement, we are often appointed as a conservator of last resort for the most vulnerable members of our community, who often do not have family or friends who are able to manage their assets appropriately. When we serve as conservator for an incapacitated adult, we handle the collection of assets, the filing of all reports in probate court, the management and sale of real property, if necessary, and the management and investment of assets and the filing of tax returns, through our trusted partnerships with various financial advisors and accountants. Our goal is to ensure that an individual's care needs are being met in a way that is both compassionate and responsible so that the individual and his or her care team can focus on the important tasks of healing or aging gracefully, while we bear the burden of financial management.
Regardless of how we get involved, our team of fiduciaries, paralegals, property and financial account managers, and support staff are experts at administering conservatorship estates. In our County Administrator practice, we take pride in our ability to administer a high volume of adult and minor conservatorship cases with a personalized, local approach. Because these families are often with us for many years, we value these relationships and realize the importance of honest, regular communication.
To these ends, our team at Georgia Fiduciary Group is available to serve as a privately nominated or court appointed Conservator for minors and adults. Our flexibility and expertise allow us to manage an estate of any size, whether the estate is comprised of real or personal property or both.