Typically a conservatorship allows the conservator (also called a guardian in some areas) to be paid for his or her services. The conservator is also entitled to attorney fees to seek legal advice, when necessary. The costs and expenses of a conservatorship are paid from the property of the person who is the subject of the conservatorship. That person is also called the conservatee.
A conservator operates under the supervision of the court and must account to the court for all expenditures from the conservatee’s assets. A conservator is usually required to make regular reports to the court and often must get the court’s permission to take certain actions, like selling real property. To protect the conservatee’s assets from mishandling or misbehavior by the conservator, the court will usually require a conservator to purchase a type of insurance policy known as a "surety bond" that will pay the conservatorship estate if the conservator causes harm.
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