Full text of Utah Utah Code § 75-5-417 — General duty of conservator., with citation guidance and answers to common questions.
§ 75-5-417. General duty of conservator.
Effective 5/7/2025 75-5-417.
General duty of conservator.
(1)
A conservator shall act as a fiduciary and shall observe the standards of care as set forth in Section 75B-2-902.
(2)
(a)
For all estates in excess of $50,000 excluding the residence owned by the ward, the conservator shall send a report with a full accounting to the court on an annual basis.
(b)
For estates less than $50,000 excluding the residence owned by the ward, the conservator shall fill out an informal annual report and mail the report to the court.
(c)
A report under Subsection (2)(a) or (b) shall include a statement regarding:
(i)
all assets at the beginning and end of the reporting year;
(ii)
any income received during the year;
(iii)
any disbursements for the support of the ward;
(iv)
any investments or trusts that are held for the ward's benefit;
(v)
any expenditures or fees charged to the ward's estate; and
(vi)
any other expenses incurred by the ward's estate.
(d)
The Judicial Council shall approve the forms for the accounting reports described in Subsections (2)(a) and (b).
(e)
An annual accounting report under Subsection (2)(a) or (b) shall be examined and approved by the court.
(3)
(a)
Corporate fiduciaries are not required to fully petition the court, but shall submit their internal report annually to the court.
(b)
A report under Subsection (3)(a) shall be examined and approved by the court.
(4)
Upon a motion and after a hearing, the court may alter the frequency of, or the information included in, an accounting report provided to a ward in accordance with Subsection 75-5-301.5(3)(l).
(5)
(a)
The court may impose a fine in an amount not to exceed $5,000, if, after receiving written notice of the failure to file and after a grace period of two months have elapsed, a conservator or corporate fiduciary:
(i)
makes a substantial misstatement on filings of any required annual reports;
(ii)
is guilty of gross impropriety in handling the property of the ward; or
(iii)
willfully fails to file the report required by this section.
(b)
The court may also order restitution of funds misappropriated from the estate of a ward.
(c)
The penalty shall be paid by the conservator or corporate fiduciary and may not be paid by the estate.
(6)
These provisions and penalties governing annual reports do not apply if the conservator is the parent of the ward.
Amended by Chapter 310, 2025 General Session Amended by Chapter 533, 2025 General Session
Section 75-5-417 ("General duty of conservator.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 75-5-417?
A common citation format is "Utah Code § 75-5-417" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 75-5-417 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
