Friday, March 09, 2012

How does a Conservatorship work?

We just listed 12094 Summit Circle and our phone hasn't stopped ringing! It's a beautiful home at an amazing price. I recently blogged about Conservatorships but we've had so many questions about it, that it merits me talking about it again.

A Conservatorship is a legal process in which the court appoints a person to make financial decisions for another person who is determined to be financially incapable to make those decisions. A conservatorship proceeding is a different legal proceeding than guardianship; it may be done independent from or jointly with a guardianship proceeding.

More briefly, conservatorship is the legal right given to a person to manage the property and financial affairs of a person deemed incapable of doing that for himself or herself.

Sometimes real property in a conservatorship must be sold and the terms of the sale are like those of a probate sale. All properties in a conservatorship require court confirmation.

The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. We specialize in properties that require court confirmation. To view our Probate listings, please visit our website at: or call us at 310-777-2858. We would love to hear from you!