CONSERVATORS HAVE A DUTY TO THE BENEFICIARY OF THE ACCOUNT
We are pleased to announce another successful outcome at trial. In our most recent case, a four year old child’s mother passed away leaving her a $100,000 life insurance policy. The probate court placed this money into a conservatorship account and placed the child’s guardian in charge of the money. When the child turned 18, she should have received the money remaining in her conservatorship account. Instead, she received nothing. Her guardian told her that the money had been spent on the child raising her. The court records indicated no authority to spend the money.
Our investigation revealed that the conservator had failed to fulfill her duties throughout the duration of the conservatorship. Further, the court had failed to monitor the conservator as required by law. At trial, we obtained the full $100,000 from the conservator and her bonding company in full satisfaction of our client’s demands.
Anytime a conservatorship account is established and the conservator does not properly account for the funds in that account, beneficiaries of the account have a claim against the conservator for the funds. A conservator by law must have a bond in place to protect the beneficiary. With proper legal representation, you should be able to recover the funds placed in your conservatorship account.
Please contact us if you have not received funds you are due from a conservatorship account. Also, if you are a conservator, contact us for guidance and directions on how to properly perform your duties so you do not run afoul of any of the laws here in Georgia.