PHOENIX — A former high-level executive who spent just over a year placed into a court-appointed conservatorship went from an early retirement to bankruptcy.“There’s a pride that is taken away, the decisions of how much money you get to spend, whether or not you buy chicken or Kraft macaroni and cheese,” said Chalmers.
The courts will assign a team to someone like Chalmers made up of a guardian ad litem, a court-appointed lawyer, a fiduciary, a lawyer for the fiduciary, and oftentimes a psychiatrist. A guardian ad litem is assigned by a court to help protect the interest of a person like Chalmers.
It is unclear how many complaints there are against fiduciaries because only complaints ending in discipline are made public. ABC15 Investigators found in 2019, East Valley Fiduciary Services was disciplined with a one-year probation after allegations that they placed a man in a secure, assisted living facility against his will.