14-5420. Conservators; title by appointment

A. The appointment of a conservator vests in the conservator title as trustee to all property or to the part specified in the order of the protected person, presently held or thereafter acquired, including title to any property previously held for the protected person by custodians or attorneys in fact. An order specifying that only part of the property of the protected person vests in the conservator creates a limited conservatorship.

B. The appointment of a conservator is not a transfer or alienation within the meaning of general provisions of any federal or state statute or rule, regulation, insurance policy, pension plan, contract, will or trust instrument, imposing restrictions upon or penalties for transfer or alienation by the protected person of the person's rights or interest.

C. Except as otherwise provided by law, the interest of the protected person in property vested in a conservator is not transferable or assignable by the protected person.

D. Property vested in a conservator by this section and the interest of the protected person in that property are not subject to levy, garnishment or similar process other than by an order issued in the protective proceeding as provided in section 14-5428.

14-5420. Conservators; title by appointment

A. The appointment of a conservator vests in the conservator title as trustee to all property or to the part specified in the order of the protected person, presently held or thereafter acquired, including title to any property previously held for the protected person by custodians or attorneys in fact. An order specifying that only part of the property of the protected person vests in the conservator creates a limited conservatorship.

B. The appointment of a conservator is not a transfer or alienation within the meaning of general provisions of any federal or state statute or rule, regulation, insurance policy, pension plan, contract, will or trust instrument, imposing restrictions upon or penalties for transfer or alienation by the protected person of the person's rights or interest.

C. Except as otherwise provided by law, the interest of the protected person in property vested in a conservator is not transferable or assignable by the protected person.

D. Property vested in a conservator by this section and the interest of the protected person in that property are not subject to levy, garnishment or similar process other than by an order issued in the protective proceeding as provided in section 14-5428.