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While there are a variety of ways that an elderly individual may be abused or exploited, one of the most common types involves financial exploitation. A common way for an individual to take advantage of an older individual is to become his or her conservator, or guardian.
The conservator has the power to collect all the conservatee's assets, pay bills, make investments, etc. The conservator must seek court supervision for major transactions, such as purchase or sale of property, borrowing money, or gifting of assets.
No. The conservator is not liable for the acts or debts of the incapacitated solely by becoming a conservator. However, the conservator can become responsible and liable if he or she grossly mismanages or steals the incapacitated's assets.
The fiduciary as conservator (or guardian) is a legal tool to provide management for the financial and/or personal affairs of individuals deemed by the court to be physically or mentally incapacitated.The conservator is responsible for inventorying, managing all assets and benefits belonging to the conservatee.
Can a conservatorship be contested in California? Yes, a conservatorship can be contested in any state. Sometimes, the simplest way to contest a conservatorship is to object to the petition for conservatorship to stop the conservatorship in the first place, or to file a competing petition for conservatorship.
A conservatorship usually allows the conservator to be paid for his or her services.The costs and expenses of a conservatorship are paid from the property of the person who is the subject of the conservatorship, also called the conservatee.
Yes, a conservatorship can be contested in any state. Sometimes, the simplest way to contest a conservatorship is to object to the petition for conservatorship to stop the conservatorship in the first place, or to file a competing petition for conservatorship.
The out-of-pocket costs to begin a guardianship in Oregon are the filing fee, which is $124 (in 2019); the fee for the court visitor, which varies by county but is generally between $300 and $600; and the expenses for having the respondent personally served, getting certified copies from the court, etc., which are