Understanding Fiduciary Obligations, Reporting Requirements, and Accountability Under Florida Law
Conservatorship Responsibilities in Orlando
In Orlando and across Florida, conservatorships—legally known as guardianships—exist to protect adults who can no longer manage their financial or personal affairs. When the court appoints a conservator, that person takes on serious legal responsibilities. These responsibilities extend beyond helping the ward with daily needs; they include strict duties imposed by Florida law.
I’m Beryl Thompson-McClary, an Orlando Conservatorship Attorney. I’ve represented both conservators seeking guidance and families raising concerns about how conservators are handling their duties. Understanding what the law requires—and the risks of failing to comply—is essential for anyone serving as a court-appointed guardian. If you’re serving or considering petitioning, call me at 1-888-640-2999 for a consultation.
Fiduciary Duty: Acting in the Ward’s Best Interest
Florida law requires every conservator (guardian) to act as a fiduciary. Under Florida Statutes § 744.361, this means:
- Acting loyally in the ward’s best interests
- Avoiding conflicts of interest
- Managing money and property prudently
- Keeping personal funds separate from the ward’s funds
- Making decisions with honesty, fairness, and diligence
Failing to uphold fiduciary duty can result in removal, personal liability, or even criminal charges in cases of exploitation.
Initial and Ongoing Responsibilities
Once appointed, conservators must meet several immediate and ongoing obligations:
- File an Initial Inventory (§ 744.365): Within 60 days of appointment, list all of the ward’s property, accounts, and assets.
- Annual Accountings (§ 744.367): File yearly reports with detailed income, expenses, and property management records.
- Annual Plans: If the conservator also oversees personal care, they must report on the ward’s health, housing, and services.
- Seek Court Approval: Major financial actions—such as selling property, making large gifts, or changing investments—require prior court authorization.
These requirements give judges the ability to supervise conservators and protect wards from abuse.
Liabilities for Mismanagement
If a conservator violates their duties, Florida law provides strong remedies under § 744.474, including:
- Removal from office for neglect, abuse, or financial mismanagement
- Surcharge liability, requiring the conservator to repay misused funds
- Civil lawsuits from the ward or interested persons
- Criminal charges if exploitation or theft occurs
For example, if a conservator uses the ward’s funds for personal expenses, the court can remove them, order repayment, and refer the case for prosecution.
Court Oversight and Accountability
Florida courts actively monitor guardianships. Judges may:
- Hold hearings to question accountings
- Order audits or appoint monitors
- Require a bond to secure faithful performance
- Investigate complaints filed by family or interested persons
This oversight ensures conservators are accountable at every step.
Why Families and Conservators Need Legal Guidance
Conservatorship duties are complex. A well-meaning conservator can unintentionally violate reporting rules or fail to seek necessary court approvals. At the same time, families often need legal help if they suspect a conservator is mismanaging funds or neglecting the ward.
As an Orlando Conservatorship Lawyer, I:
- Counsel conservators on compliance and reporting
- Assist with preparing inventories and annual accountings
- Petition for court approval of financial actions
- Represent families challenging misconduct or seeking removal
If you’re serving as a conservator or worried about one, call 1-888-640-2999 for legal guidance.
FAQs – Duties and Liabilities of Florida Conservators
What is the primary duty of a Florida conservator?
The primary duty is fiduciary responsibility—acting solely in the ward’s best interests, avoiding conflicts, and managing finances prudently.
What reports must conservators file with the court?
Conservators must file an initial inventory within 60 days and annual accountings of all income and expenses. If they oversee personal care, they must also file annual plans regarding health, housing, and services.
Can a conservator spend ward funds without court approval?
Only for routine expenses like bills, food, or medical care. Major actions—selling property, making gifts, or significant financial changes—require court authorization.
What happens if a conservator mismanages assets?
They can be removed, ordered to repay funds, sued in civil court, or even face criminal charges if fraud or exploitation is involved.
Can family members challenge a conservator’s actions?
Yes. Any interested person can file a petition with the court under § 744.474 to remove a conservator for misconduct or mismanagement.
Do conservators get paid for their work?
Yes, but fees must be reasonable and approved by the court. Excessive or unauthorized compensation can lead to removal.
What protections does the court use to ensure accountability?
Judges may order bonds, audits, or court monitors. They also review annual filings and hold hearings if concerns are raised.
Call Orlando Conservatorship Attorney Beryl Thompson-McClary at 1-888-640-2999 For A Consultation if you are serving as a conservator and need guidance—or if you are concerned about how a current conservator is handling their responsibilities.














