Restricted Account Agreement (After Appointment) {553GC} | Pdf Fpdf Docx | South Carolina

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Restricted Account Agreement (After Appointment) {553GC} | Pdf Fpdf Docx | South Carolina

Last updated: 10/2/2024

Restricted Account Agreement (After Appointment) {553GC}

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Description

553GC - RESTRICTED ACCOUNT AGREEMENT (After Appointment). This form is used in South Carolina to establish a restricted account for a conservatorship. This form is required when a conservator has been appointed for an incapacitated individual or a minor, allowing the conservator to manage the assets without posting a bond. The agreement outlines that the assets will be deposited in a financial institution under strict withdrawal restrictions, requiring a certified court order for any disbursements. It details the responsibilities of the conservator, the financial institution, and the court, including conditions for transferring funds and maintaining minimum liquid assets. The financial institution must provide regular statements to the court to ensure compliance and oversight. www.FormsWorkflow.com

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