"An asset is something owned by an individual, a group of individuals, or a company that can be sold or traded for cash or other tangibles. Cash are considered current assets, while equipment or other tangibles, such as real estate, are considered long-term assets. Assets that accrue from maintenance costs such as interest or rental fees, insurance, etc. are considered to be deferred assets since they are only tangible upon sale of a company or business. "
If profits are cash, then this is considered 'current assets'.
How can the conservator freely give away the profits if the definition of
'conservatorship' is to conserve the assets? I would think any
judge would be able to see this as a blatant breach of fiduciary duty.
My opinion is this will be a 'no-brainer'.
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