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Managing Real Estate as a Conservator

Two men sitting at a desk on either side of a clipboard, one with a hand on a miniature model of a red and white house - managing real estate as a conservator

Managing Real Estate as a Conservator

October 30, 2023

By Johnson/Turner Legal

Managing Real Estate as a Conservator

October 30, 2023

By Johnson/Turner Legal

Navigating real estate transactions as a conservator can feel daunting, but with the right guidance, it’s entirely manageable. At Johnson/Turner, we’re dedicated to simplifying this process for you, bringing clarity and ease to what can often seem like an overwhelming task.

Why Conservatorship Matters in Real Estate

Firstly, let’s understand why someone might become a conservator. A court typically appoints a conservator to manage the finances and estate of a vulnerable adult – often due to age-related issues like dementia or other life challenges. This role includes significant responsibilities, especially regarding property management.

The High Stakes of Conservator Real Estate Management

For many conservators, managing the real estate of the protected party is a critical task. Given the high costs of care (for instance, nursing homes in Minnesota can cost around $90,000 per year), selling the protected party’s home often becomes necessary to fund their care. This is where our expertise at Johnson/Turner becomes invaluable.

Your Roadmap for Real Estate Transactions as a Conservator

The process of selling property in a conservatorship involves several detailed steps:

  1. Medical Verification: Obtain a statement from a physician confirming the protected party won’t return home.
  2. Legal Proceedings: Conduct a court hearing, notifying all interested parties.
  3. Property Appraisal: Get a court-ordered appraisal, valid for six months.
  4. Court Approval: File a petition for court approval upon receiving a purchase agreement.
  5. Documentation: Ensure all certified documents are in place for the closing.

This overview simplifies a complex process, highlighting the importance of professional guidance.

The Role of an Experienced Attorney

As a conservator, you might need varying levels of legal assistance. Whether it’s a secondary review of documents or comprehensive, step-by-step support, our team at Johnson/Turner is ready to assist. We understand the nuances of conservatorship and real estate, ensuring you navigate these responsibilities confidently and effectively.

Why Choose Johnson/Turner?

Our firm excels in providing transparent, empathetic, and innovative legal services. We understand the unique challenges conservators face and offer tailored solutions that respect your role and the protected party’s best interests. Our team’s expertise in estate planning and conservatorship law ensures you’re never alone in this journey.

At Johnson/Turner, we’re more than just legal experts; we’re your partners in navigating life’s complex legal landscapes. Our commitment to your success as a conservator is unwavering. We empower you with the knowledge, support, and legal prowess needed to handle real estate transactions with confidence and care.

Contact us today to explore how we can assist you in your conservatorship duties, ensuring peace of mind for both you and the protected party.


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