How long after the appointment of a conservator shall a conservator prepare and file an inventory of the estate owned by the protected person?

A conservator is responsible for managing the financial affairs of a protected person, typically someone who is unable to care for themselves or manage their financial matters due to age, illness, or disability. One of the key responsibilities upon the appointment of a conservator is to prepare and file an inventory of the estate owned by the protected person.

The correct time frame for this filing is 90 days after the conservator is appointed. This requirement ensures that the conservator promptly assesses and documents the assets and liabilities of the protected person’s estate, allowing for better management and oversight of the individual’s financial situation. The 90-day deadline helps to establish a timeline for accountability and transparency, which is crucial in protecting the interests of the protected person.

Filing within this timeline allows the court to stay informed about the estate's status and ensures that the conservator is actively managing the assets. This regulation strives to minimize any potential mismanagement or neglect that could harm the financial well-being of the protected person.