A conservator's job is similar to that of an executor of your estate, except this person is managing your estate during your life, instead of at your death. Through a court proceedings, a "conservator" can be appointed, but this type of proceeding can financially deplete--rather than conserve--your estate.

The initial court fees to commence a conservatorship proceeding in Los Angeles County begin at $799--before any attorney's fees. Accountings, setting forth the amount of funds received and spent on behalf of the Conservatee, are required on a 12- to 14-month basis with a filing of $180.00. The Court must review and approve these accountings and any payment of fees to the Conservator for rendering these services. Legal assistance is strongly suggested as a Conservator can be found personally liable for failure to properly administer the Conservatee's Estate.

Recent articles published on this topic:

*California Legislature Adds new Reforms to Conservatorships
The Magazine of Santa Clarita - January, 2007

 

The information here is presented as a guide. Please consult an attorney for specific advice.