What Does Custodian or Conservator Mean In Estate Planning?

 What Does Custodian or Conservator Mean In Estate Planning?

A person appointed to manage the assets of a minor.  This could be the same person as the guardian or different.

Example Of Custodian or Conservator In Regards To Estate Planning

My brother appointed me to be the conservator of my nephew’s inherited assets until my nephew becomes an adult, my sister is his guardian, but I am his conservator.

Kelley Scrocca, LLM
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