Hi guys-while I am waiting for this or that, I have been doing some reading on how conservators are appointed in Orange County etc. Check this out:
http://www.courtinfo.ca.gov/selfhelp/seniors/consforms.htm
The conservators of an estate have a number of duties to perform in the hopes of preserving the finances of the conservatee (I.E. Bob Harrod)
"If the court appoints you the conservator of an estate, you manage the conservatee's finances, protect the income and assets, make an inventory of the conservatee's assets, develop a working plan to make sure the conservatee's needs are met,
make sure the conservatee's bills are paid, invest the conservatee's money, ensure the conservatee is receiving all benefits he/she are entitled to, ensure tax returns are filed on time, keep accurate financial records and make sure your financial records are reported to the court. (Note: the assets and finances of the conservatee are known as the estate.)
1.) Managing the Estate Assets
a) Prudent Investments
b) Keeping Estate assets separate from anyone else's, as in no co-mingling.
(For example: No conservator could take 100K from the estate to buy themselves stocks to invest in their own portfolio, or to add on to their home if it was not owned by the conservatee...things of that nature.)
c) Interest Bearing accounts-with the exception of checking accounts used for the purposes of administrative duties, all estate assets must earn interest.
d) Other Restrictions: Without prior order of the court you may not pay fees to yourself or your attorney, make a gift of estate assets or borrow from the estate. If you do NOT obtain the courts permission, you may be removed as a conservator or be required to reimburse the estate with your own assets.
2.) Inventory of Estate Property
a) Locate Estate's property. For real estate you must record a copy of your Letters of Conservatorship with each county where the conservatee owns property.
b) Determine the value of property: you must have a court appointed referee determine the value of the property unless the court waives this appointment.
c) File an Inventory and appraisal- Within 90 days after your appointement you must file an inventory or appraisal with the court.
3.) Insurance
You should determine if there is appropriate and adequate insurance covering the assets and risks to the estate. (This is essentially a bond covering the value, I would think.) Maintain the insurance for the entire period of administration."
So I have to ask myself a few things-was there an inventory performed within 90 days which would be sometime in August, correct? Is there a bond insuring the assets and finances of the estate in place? And have the conservatee's bills been paid?
We know that the bills have not been paid, since at least the utilities were shut off. That alone violates the duties of a conservator. JMO.