As a conservator, you have the responsibility of managing the financial assets and accounts within someone’s estate. Part of this responsibility includes making a report to the probate court on the individual’s accounts. To do this, you must serve a form known as the Inventory (Conservatorship) form. By providing this to the probate court, you are giving them an account of the assets within the estate. In some special cases, this form may also be applicable for guardianships.

The Inventory (Conservatorship) form is a State Court Administrative Office form. If you need this form, or any other probate court forms, reach out to us. We will be glad to send you a copy of this form and any others you may need.

Most of these State Court Administrative Office forms are associated with Michigan Court Rules and statutes. The Inventory (Conservatorship)  form is no different. The Inventory (Conservatorship) form is associated with MCL 700.5418, which states:

(1) Within 56 days after appointment or within another time period specified by court rule, a conservator shall prepare and file with the appointing court a complete inventory of the estate subject to the conservatorship together with an oath or affirmation that the inventory is believed to be complete and accurate so far as information permits. The conservator shall provide a copy of the inventory to the protected individual if the individual can be located and is 14 years of age or older and to interested persons as specified in the Michigan court rules.

(2) The conservator must keep suitable records of the administration and exhibit those records on the request of an interested person.

In addition to this statute, the Inventory (Conservatorship) form is pursuant to MCR 5.409(B). To help you understand this form better, Darren Findling of The Probate Pro covers everything you’ll need to know in this video.

 

Like Darren, we’re ready to help you understand all things related to probate. So, if you have any probate related questions, don’t hesitate to give The Probate Pro a call today at (833) PROBATE. Our legal family is ready to help you.