A conservatorship is a protective proceeding requesting the appointment of an individual (or entity, such as a private fiduciary) to manage the financial affairs of a minor or an incapacitated adult (known as the “protected person”). The individual who is appointed to serve is called a “conservator”. Arizona law provides three types of court orders that can be obtained to protect the property of a minor or an adult who is in need of protection. The court can:
- Issue an order in which it directly exercises its powers over the estate;
- Issue an order authorizing protective arrangements and single transactions; or
- Issue an order appointing a conservator.