It is the duty of the conservator to care for and preserve all of the assets of the adult and to represent the adult in any legal proceeding.  The conservator must keep careful records of all income of the adult and all disbursements of the adult's funds.  The conservator must keep the adult's assets separate from his or her own assets and never "borrow" from the adult's assets. 

Within 56 days of being appointed, the conservator must file an inventory.  The inventory is a listing of all assets of the adult.  Assets may consist of real estate, stocks, bonds, certificates of deposit, savings and checking accounts and personal belongings and everything in which the adult has an interest.  They must also give a copy of the inventory to the adult and the persons listed on the conservatorship petition and file a proof of service with the Court.

The conservator must file an Annual Account each year within 56 days after the anniversary date of the conservator's appointment.  The account must list receipts (monies in) and disbursements (monies out).  Save your receipts, one must be presented to the court (if requested) for each disbursement.   See annual accounting.