The 90-Day Inventory Requirement
Arizona law gives a newly appointed conservator a firm deadline. Within ninety days, the conservator must prepare a complete inventory of every asset the protected person owns, note the fair market value of each item, and file it with the court. The inventory must also include a copy of the protected person's consumer credit report dated within ninety days before filing.
Within ninety days after appointment, a conservator shall prepare and file with the court an inventory of the assets of the protected person on the date of the conservator's appointment, listing it with reasonable detail and indicating the fair market value of each asset as of the date of appointment.
A.R.S. § 14-5418(A)This inventory serves as the baseline for everything that follows. It establishes what the protected person owned at the time the conservatorship began and gives the court a reference point for monitoring how those assets are managed going forward.
Access to Records
The conservator must share the inventory with the protected person (if they are at least fourteen years old and have sufficient capacity to understand it) and with any parent or guardian the protected person lives with. Beyond the inventory, the conservator is required to keep suitable records of the entire administration.
Unless otherwise ordered by the court, a person who is entitled to notice of the conservator's annual account pursuant to section 14-5419, subsection C may request in writing that the conservator do one of the following not more than once every thirty days.
A.R.S. § 14-5418(C)Interested parties can request to view financial records, billing statements, and receipts and disbursements up to once every thirty days. The conservator must provide access within thirty days of receiving the request. This transparency requirement protects against mismanagement and gives family members a way to stay informed about how the protected person's money is being handled.
