The end of a conservatorship proceeding can come anytime before the death of the conservatee, or as a result of the death of the conservatee.
What happens next after a conservatorship ends? Any assets left in the hands of the conservator must be turned over the the estate personal representative. But before that happens, the Conservator must file a Petition for Final Account. In that petition, the conservator will ask the court for authority to hand over the remaining assets to the personal representative.
If a conservatorship ends during the life of the conservatee, it is terminated by the court. In that case, proper estate planning or a special needs trust may be used to avoid a possible future conservatorship.
What if there is no personal representative appointed?
The court may continue the conservatorship hearing, until such time as someone is appointed to receive the balance of the assets after death. If the total assets do not exceed $150,000, the Conservator may upon a relative submitting an affidavit of small estate, and the passing of 40 days after death, to ask the court to distribute that informally.
Do you need Conservatorship advice? If you would like to learn more about what happens after a conservatorship ends in Los Angeles, contact our Woodland Hills expert conservatorship lawyer, Mina Sirkin at 818.340.4479 or email: Info@sirkinlaw.com. For a referral to a private conservator, contact us.
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