Conservator Accounting Requirements in Arizona

A. Except as provided pursuant to subsection F of this section, every conservator must account to the court for the administration of the estate annually pursuant to rules adopted by the supreme court and on termination of the protected person's minority or disability, except that for good cause shown on the application of an interested person, the court may relieve the conservator of filing annual or other accounts by an order entered in the minutes. B. The court may take any appropriate action on filing of annual or other accounts. In connection with any account, the court may require a conservator to submit to a physical check of the estate in the conservator's control, to be made in any manner the court may specify. C. An adjudication allowing an intermediate or final account can be made only on petition, notice and a hearing. Notice must be given to: 1. The protected person. 2. A guardian of the protected person if one has been appointed, unless the same person is serving as both guardian and conservator. 3. If no guardian has been appointed or the same person is serving as both guardian and conservator, a spouse or, if the spouse is the conservator, there is no spouse or the spouse is incapacitated, a parent or an adult child who is not serving as a conservator. 4. A guardian ad litem appointed for the protected person, if the court determines in accordance with section 14-1408 that representation of the interest of the protected person would otherwise be inadequate. D. An order, made on notice and a hearing, allowing an intermediate account of a conservator, adjudicates as to the conservator's liabilities concerning the matters considered in connection therewith. An order, made on notice and a hearing, allowing a final account adjudicates as to all previously unsettled liabilities of the conservator to the protected person or the protected person's successors relating to the conservatorship. E. In any case in which the estate consists, in whole or in part, of benefits paid by the United States department of veterans affairs to the conservator or the conservator's predecessor for the benefit of the protected person, the United States department of veterans affairs office that has jurisdiction over the area is entitled to a copy of any account filed under this article. F. Unless prohibited by order of the court, the conservator may file with the court, in lieu of a final account, a verified statement stating that: 1. The protected person has died. 2. The protected person's successors have all waived in writing their right to have the conservator submit to the court a final account. 3. The conservator has delivered a copy of a closing statement to the protected person's successors. G. The closing statement shall be a verified statement stating: 1. The protected person has died and the date of the person's death. 2. The persons receiving the closing statement have a right to have the conservator submit to the court a final account. 3. If the person wishes to have the final accounting reviewed by the court, the person should not sign a waiver. 4. If all persons choose to waive, the final account will not be reviewed by the court. 5. A list of property owned by the protected person as of the date of death is attached. 6. The conservator shall inform successors that waiving court review terminates the conservatorship and discharges the conservator. H. The conservator shall file an affidavit stating the closing statement was sent before the successors signed the waiver. I. On filing of the statement and affidavit, the court shall enter an order terminating the conservatorship, discharging the conservator, exonerating any bond, and releasing restrictions on assets. J. 'Protected person's successors' means: 1. The personal representative if different from the conservator. 2. If the conservator is also the personal representative and the person died intestate, the heirs. 3. If the conservator is also the personal representative and the person died testate, the devisees.