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GPCSF 58, the Adult Conservatorship Inventory and Asset Management Plan

A Georgia conservator’s inventory, filed with a budget the judge approves by order.

By Fidura staff. Last reviewed .

Who files
The conservator of an adult
A minor’s conservator uses the short form, GPCSF 59.
When it’s due
Within two months of appointment
O.C.G.A. §29-5-30(a) (opens in a new tab)
Where
The probate court of the county that appointed you
A copy goes to the ward’s guardian, if any.
The form
Form GPCSF 58
The court’s copy (PDF) (opens in a new tab)

Sworn before a notary or the probate court clerk, by each conservator. §29-5-30(b) (opens in a new tab); GPCSF 58 affidavit (opens in a new tab)

What it asks for

The form covers what the ward owns and owes, what comes in and goes out, and your plan. Give approximate current values. Many probate courts post their own version, so ask yours which it takes.

What GPCSF 58 asks for
PartWhat goes there
Real propertyUp to three parcels, each with its county, its approximate equity and any joint owner
IncomeThe yearly total from each source: Social Security, SSI, retirement, VA, other income, interest
Personal propertyBank, brokerage and retirement accounts, privately held stock, cars with their VIN, and other valuable assets
DebtsSecured debts with their collateral, unsecured debts with their account number
Monthly expensesThe average month: household, transport, dependents, insurance and the ward’s own costs
SummaryAverage monthly income against average monthly expenses
PlanHow you will manage the assets, and a request to spend a monthly sum, the income, or a one-time sum

The statute adds three things the form does not fully ask for: how each asset is titled (the form asks only for any joint owner), how long you expect the conservatorship to last, and any plan to retitle an asset. Put them on an attached page. §29-5-30(b)–(c) (opens in a new tab)

The minor’s GPCSF 59 (opens in a new tab) is shorter. It asks for monthly income and any support the parents give. You then choose to let the money grow, spend the interest, or spend a set monthly sum.

Common mistakes

Real estate at its full value

The form asks for approximate equity: the value less what is owed on it.

Monthly income in the income section

The income section asks for yearly totals. Only the summary uses the monthly average.

A budget above income, not approved

Any budget that spends more than the expected income needs the court’s approval. §29-5-30(c) (opens in a new tab)

Your first return

The judge’s order on the last page says your annual return must show how the money was actually spent. Each annual return also carries an updated inventory and plan. The first is due within 60 days of the first anniversary of your qualification. §29-5-60(a) (opens in a new tab)

Sources

Also for Georgia: Annual Return of Conservator

We make Fidura, guardianship accounting software built on a reconciled register for each ward. See the product

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