Many people think that they can manage a conservatorship case by themselves. There are some conservator errors that can result in damage and can be actionable by the court and by others who are interested. There are some conservator errors that are fixable. Here are some of the common errors that conservatorship must watch for as noted by Los Angeles County conservators:
- Failing to post a bond when the court requires the conservator to post one. This will result in non-issuance of the Order Appointing the Conservator, and the case will go into limbo.
- Failing to get Letters issued. When the order is issued, it must be followed by the issuance of Letters, which is the document which actually authorizes the conservator to act. No Letters means no authority.
- Failing to timely marshall the assets and take possession of them. This can create a loss if someone influences the conservatee to give away his or her assets, and the conservator has not changed the account name to the name of the conservatorship estate.
- Failing to purchase insurance and to pay for taxes. Property insurance, fire, and liability protect estates. Don’t forget them.
- Missing the deadline for filing an accounting in court can result in the removal of the conservator. Don’t miss it. Our lawyers protect conservators from making costly mistakes in conservatorships in Los Angeles and the San Fernando Valley. Our office in Woodland Hills can help conservators with the necessary advice to keep on top of their conservatorship jobs. Call or contact 818.340.4479 for all of your conservatorship or elder questions and if you are acting as a Los Angeles county conservator or conservators.