Last updated: 10/2/2024
Restricted Account Agreement (Pending Appointment) {551GC}
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Description
551GC - RESTRICTED ACCOUNT AGREEMENT (Pending Appointment). This form in South Carolina is used in the context of establishing a conservatorship for an incapacitated individual or minor. It serves to create a restricted account at a financial institution where the conservator can deposit the assets of the conservatorship. This agreement allows the conservator to manage the assets without posting a bond, while ensuring that any withdrawals from the account are only allowed with a certified court order. The form specifies the responsibilities of the conservator, the financial institution, and the court regarding fund management, investment restrictions, and reporting requirements. www.FormsWorkflow.com