What does a conservator do for the estate under conservatorship?
The conservator must provide for the maintenance and support of the conservatee. The conservatee’s estate is used for this provision. The conservator may also be required to seek public assistance (Medi-Cal, Supplemental Security Income) in order to properly provide for the conservatee. The conservator is not required to use his/her own financial resources for the care of the conservatee. The conservator, upon approval of the Superior Court, may sell real or personal property belonging to the conservatee when it is in the best interest of the estate and / or the funds are needed to provide for the care of the conservatee. The conservator may invest funds of the estate in banks or savings and loan institutions money market certificates. All other investments must be approved by the Court.
