Can a court appointed, unrestricted conservator alter fee simple deeds, alter recipients of a life estate all while the ward is living?
Is an unrestricted conservator at liberty to do with property of ward as sees fit for a life estate but vested at death of ward to issue. or in fee simple property cases?
The conservator can sell assets to provide for the patient/ward care. Now in a Life Estate, the ward has nothing to sell. On the other hand the ward has a life interest in the property, should the house be sold by the owners, the person with life estate gets part of the proceeds, based on age and life expectancy. Depends on the rules of your particular state. The conservator's fee is spelled out in the court order. Most get $000. Read the court documents.
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The conservator's fee is spelled out in the court order. Most get $000. Read the court documents.