New Mexico § 45-5-425 - Distributive duties and powers of conservator

§ 45-5-425. Distributive duties and powers of conservator

A. A conservator may expend or distribute income or principal of the estate without

court authorization or confirmation for the protected person and his dependents in

accordance with the following principles: (1) the conservator is to consider recommendations relating to the appropriate standard

of support, care, education or benefit for the protected person made by a parent,

guardian or custodian, if any. He may not be surcharged for sums paid to persons or organizations actually furnishing

support, education or care to the protected person pursuant to such recommendations

of a parent or guardian of the protected person unless he knows that the parent, guardian

or custodian is deriving personal financial benefit therefrom, including relief from

any personal duty of support, or unless such recommendations are clearly not in the

best interests of the protected person; (2) the conservator is to expend or distribute sums reasonably necessary for the support,

education, care or benefit of the protected person with due regard to: (a) the size of the estate, the probable duration of the conservatorship and the likelihood

that the protected person, at some future time, may be fully able to manage his affairs

and the estate which has been conserved for him; (b) the accustomed standard of living of the protected person and members of his household;

and (c) other funds or sources used for the support of the protected person; (3) the conservator may expend funds of the estate for the support of persons legally

dependent on the protected person and others who are members of the protected person's

household who are unable to support themselves, and who are in need of support; (4) funds expended under this subsection may be paid by the conservator to any person,

including the protected person, to reimburse for expenditures which the conservator

might have made, or in advance for services to be rendered to the protected person

when it is reasonable to expect that such services will be performed and where advance

payments are customary or reasonably necessary under the circumstances. B. If the estate is ample to provide for the purposes implicit in the distributions

authorized by Subsection A of this section, a conservator for the protected person

other than a minor has power to make gifts to charity and other persons as the protected

person might have been expected to make, in amounts which do not exceed in total for

any year twenty percent of the income from the estate. C. When a minor who has not been adjudged disabled under Subsection B of Section 5-401

attains his majority, his conservator, after meeting all prior claims and expenses

of administration, shall pay over and distribute all funds and properties to the former

protected person as soon as possible. D. When the conservator is satisfied that a protected person's disability (other than

minority) has ceased, the conservator, after meeting all prior claims and expenses

of administration, shall pay over and distribute all funds and properties to the former

protected person as soon as possible. E. If a protected person dies, the conservator shall deliver to the court for safekeeping

any will of the deceased protected person which may have come into his possession,

inform the personal representative or a beneficiary named therein that he has done

so, and retain the estate for delivery to a duly appointed personal representative

of the decedent or other persons entitled thereto. If, after forty days from the death of the protected person, no other person has

been appointed personal representative and no application or petition for appointment

has been filed, the conservator may apply to exercise the powers and duties of a personal

representative so that he may proceed to administer and distribute the decedent's

estate without additional or further appointment. Upon request for an order granting the powers of a personal representative to a

conservator, after notice to any person demanding notice under Section 3-204 and to

any person nominated personal representative in any will of which the applicant is

aware, the court may order the conferral of the power upon determining that there

is no objection, and endorse the letters of the conservator to note that the formerly

protected person is deceased and that the conservator has acquired all of the powers

and duties of a personal representative. The making and entry of an order under this section shall have the effect of an

order of appointment of a personal representative as provided in Sections 3-101 through

3-1204 except that the estate in the name of the conservator, after administration,

may be distributed to the decedent's successors without prior retransfer to the conservator

as personal representative.