Maine Revised Statutes Title 18-C. Probate Code § 5-414. Powers of conservator requiring court approval

A. Except as provided in section 5-421, subsection 2, paragraph Y, make gifts, except those of de minimis value;

B. Sell, encumber an interest in or surrender a lease to the primary dwelling of the individual subject to conservatorship;

C. Convey, release or disclaim contingent or expectant interests in property, including marital property and any right of survivorship incident to joint tenancy;

D. Exercise or release a power of appointment;

E. Create a revocable or irrevocable trust of property of the conservatorship estate, whether or not the trust extends beyond the duration of the conservatorship, or revoke or amend a trust revocable by the individual subject to conservatorship;

F. Exercise a right to elect an option or change a beneficiary under an insurance policy or annuity or surrender the policy or annuity for its cash value;

G. Exercise a right to an elective share in the estate of a deceased spouse or domestic partner of the individual subject to conservatorship or to renounce or disclaim a property interest;

H. Grant a creditor a priority for payment over creditors of the same or higher class if the creditor is providing property or services used to meet the basic living and care needs of the individual subject to conservatorship and preferential treatment otherwise would be impermissible under section 5-428, subsection 5; and

I. Make, modify, amend or revoke the will of the individual subject to conservatorship, with the conservator treated as the individual making, modifying, amending or revoking the will.

A. The financial needs of the individual subject to conservatorship and individuals who are in fact dependent on the individual subject to conservatorship for support, and the interest of creditors;

B. Possible reduction of income, estate, inheritance or other tax liabilities;

C. Eligibility for governmental assistance;

D. The previous pattern of giving or level of support provided by the individual subject to conservatorship;

E. Any existing estate plan or lack of estate plan of the individual subject to conservatorship;

F. The life expectancy of the individual subject to conservatorship and the probability that the conservatorship will terminate before the individual's death; and

G. Any other relevant factors.