When considering establishing a conservatorship, one of the most common questions is, “What is the Cost for a Conservatorship?” Like many legal questions, the answer can vary based on several factors concerning conservatorship costs. Let’s break it down.
Factors Influencing What is the Cost for a Conservatorship?
Contested vs. Uncontested Conservatorships
- If everyone agrees on the need for a conservatorship and who should be appointed. Attorney fees, plus court costs, might start around $1,500 for uncontested conservatorships.
- If family members disagree or the respondent challenges the conservatorship, retainer fees can reach up to $5,000 or more for contested conservatorships, depending on the complexity of the case.
Conservatorship Scope: Person vs. Estate
- Conservatorship of the Person involves managing daily decisions and healthcare for the respondent. It’s usually less complex and less costly.
- Conservatorship of the Estate covers managing the respondent’s financial assets, which requires additional documentation and court proceedings. Due to the extra preparation needed, this type can be more expensive.
Payment and Billing Structures
Typically, the person petitioning for conservatorship is responsible for paying attorney fees upfront. Depending on the situation and the firm’s policies, this can be billed hourly or as a flat fee.
If the conservatorship is established and the respondent has assets, the petitioner may be reimbursed for attorney fees from those assets.
In certain cases with significant assets, some firms might defer attorney fees until after the conservatorship is established, with the costs covered by the respondent’s assets. This is less common and subject to court approval.
Flat Fee vs. Retainer
- Some attorneys may offer a flat fee arrangement for straightforward, uncontested conservatorships.
- For more complex cases, attorneys often charge an hourly rate, deducting fees from an initial retainer. You will receive detailed statements showing time spent and costs incurred.
