A conservator must file an account annually, although the court can request an account at any time. An account shows money and property received during the year as conservator, and expenses and other disbursements. An account also shows the value of the estate at the beginning of the period, and has a list of assets remaining at the end of the account period, together with the value of each asset. Yes, you have a choice of two forms. Use the second form only if you have sold assets such as real estate or stocks and bonds during the year.
Blank forms are available at no cost from the probate court office.
Receipts and expenses can be listed by category. For example, the total amount of private pension checks received during the year, or the total amount paid for nursing home care can be listed on single lines. If you are also representative payee, you account annually to the Social Security Administration for those funds. In some counties, the probate court does not require you to also account for those funds to the court. In other counties, the court requires you to account for all funds received, regardless of source.