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Kentucky Revised Statutes Title XXXIII. Administration of Trusts and Estates of Persons Under Disability § 387.680.Duties of limited conservator or conservator

Current as of January 01, 2024 | Updated by FindLaw Staff

It shall be the general duty of the limited conservator or conservator to carry out, diligently and in good faith, the specific duties and powers assigned by the court and to:

(1) Manage or assist in managing those financial resources placed under his supervision and/or control as would a prudent person managing his own resources, including establishing or placing resources in a trust, and, if a conservator has special skills or is named conservator on the basis of representations of special skills or expertise, he shall use those skills; and

(2) Encourage the ward to:

(a) Participate, to the maximum extent of his abilities, in all decisions which affect him;

(b) Act on his own behalf on all matters in which he is able to do so; and

(c) Develop or regain, to the maximum extent possible, his capacity to manage his financial resources and, if impaired, his capacity to meet the essential requirements for his physical health or safety.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXXIII. Administration of Trusts and Estates of Persons Under Disability § 387.680.Duties of limited conservator or conservator - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxxiii-administration-of-trusts-and-estates-of-persons-under-disability/ky-rev-st-sect-387-680/

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