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The pros are that a conservatorship provides the greatest flexibility in being able to manage the changing needs of the subject person, arranging long term care, housing and being able to contract with providers as needed. As for the cons, conservatorships are time-consuming and expensive.
Costs start at $435. You will also need to pay a fee for an investigation. If the adult who may need a conservatorship can't afford the fees, you can apply for a fee waiver. It takes at least 1 month to get a court date to become a conservator.
How long does a conservatorship last? A general conservatorship terminates on the conservatee's death or upon a court order. A limited conservator terminates not only by the death of the limited conservatee, or by court order, but also by the death of the limited conservator.
The conservatee, or one of their friends or family members, must file a petition requesting the removal of the conservator. There are many factors that might necessitate the removal of a conservatorship in the eyes of a California court. The conservator fails to care for the conservatee's estate in a diligent manner.
However, California law provides that conservators can receive reasonable compensation, payable from the conservatees estate. You may be paid an hourly fee for the work you perform as a conservator, which means you will need to maintain detailed records of the services you provide.
You should note a $435 upfront fee for petitioning a conservator in California state courts.
If you consider a conservatorship but due to distance or other factors you cannot personally assume this responsibility, the court can appoint a professional conservator whose fees (which are usually high) must be paid from your loved one's assets, unless a friend or relative wants to pay them.
A conservatorship is a court proceeding in which a judge appoints a family member, friend or other responsible person (conservator) to care for another adult (conservatee) who cannot care for themselves and/or their finances.