Quiz – How to Set Up a Conservatorship Account First Name:*Last Name:*Email* The conservatorship accounting demonstrates to the court that the money belongs to the respondent and only to the respondent and is not being mixed up with money from someone else.* True False A properly established checking account also communicates that the conservator has authority from the court to manage and spend money within the checking account.* True False The checking account should be set up as a joint account between the respondent and the conservator.* True False The conservator has no ownership rights in the account.* True False The bank will need a photocopy of your Letters of Conservatorship.* True False The conservator should make sure the bank will be able to provide monthly paper statements that include front copies of the checks.* True False The conservator will need to provide the identification, social security number, and date of birth of the respondent to the bank. Additionally, the bank will need the identification of the conservator.* True False The conservator is encouraged to use the ATM to make cash withdrawals and to make checks out for cash to make purchases for the respondent.* True False The conservator can use the money of the respondent only for the respondent and not for friends and family members even if they are in need.* True False You should contact the Office of Conservatorship Management if you have any questions about how to set up a conservatorship.* True False
