What Is A Conservatorship Rancho Cucamonga Courts Appoint Responsible For

By Henry Miller

There are a couple ways that someone can become a ward of the court. They may become incapacitated. They are sometimes minor children who have no immediate family to handle the responsibilities. Almost any conservatorship Rancho Cucamonga courts appoint involves an individual who has assets to be managed. Conservators, or guardians, have a legal responsibility to make decisions that are in the best interest of the ward.

Allocating liquid assets is one of the main responsibilities conservators have. Cash, and anything that can be turned into cash easily, are considered liquid assets. Conservators have the responsibility of deciding how to go about investing them. Normally, the guardian will take on the job or hire a financial advisor to make the decisions with his approval. Guardians also have to decide how to handle any personal or real property that belongs to the dependent in his care.

Day to day decisions are the responsibilities of conservators. One may have to decide whether to sell his ward's sports car and spend the proceeds on a specially outfitted van to accommodate the wheelchair the dependent uses, for instance. This is a case where it is permissible to sell an asset in order to purchase something more suitable to the ward's current needs. Conservators can decide to sell a family home, and other real estate owned, to have the funds to pay for nursing home or assisted living care.

A conservator has the power to decide if the ward will continue to live in the family home or would be better served in some skilled nursing facility. In either case, it is the conservator who will be responsible for making the house payments, paying for nursing home care, and handling any other financial obligations of his ward. That includes making sure taxes are paid in full and on time.

The conservator must be accountable to the court. He is required to prepare detailed annual accounts of the investments and sales transactions he has made on behalf of his ward. If the conservator is in charge of someone incapacitated mentally, he must submit a medical report.

The report has to detail a ward's physical and mental condition and whether it is still necessary to have a guardian. There must be a plan for the continuing physical and mental treatment of the dependent. Conservators have to show courts everything done during the current year and what the plans are for the next year.

It is necessary for conservators to get court approval before they make some decisions. It is up to the state to determine what exactly must be presented to a court for approval. In Florida, for example, a conservator must petition the court before he can sell any real estate owned by his ward.

Wards who are minors normally become independent of their conservators as soon as they reach the age of 18 or 21. When this occurs, a conservator has to file a final accounting of their ward's assets to end the conservatorship. All assets become the responsibility of the ward. The conservator is relieved of his duties at this point.

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