conservator

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Conservator

An entity given legal responsibility for overseeing, protecting, or preserving the interests and affairs of another entity deemed incapable often doing so. See: Bailout, Conservatorship

conservator

A guardian, receiver, or other protector appointed by a court to manage the assets of someone suffering from a permanent or temporary disability that prevents the person from managing his or her own affairs.A person need not be adjudged mentally incompetent to have a conservator appointed, and the appointment does not disqualify the person from entering into contracts, making or changing wills,or any other such legal rights.

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