Conservatorship of Edith M Edwards

Case Number

22PR00181

Case Type

Hearing Date / Time

Wed, 11/06/2024 - 08:30

Nature of Proceedings

Final Account and Report

Tentative Ruling

Probate Notes:

Appearances required.

After review of the supplements and financial documents filed on April 2, 2024, June 11, 2024, August 1, 2024, September 16, 2024, and October 21, 2024, the following is noted for the Court at the hearing:

First Accounting

Matter was approved by the Court on July 31, 2024.

Second Accounting
 

Property on hand at start of accounting still not supported by account statements.  The start date for the second accounting is December 25, 2022.  Petitioner states the amount on hand at the start of the accounting period is cash: $106,059.19, and $423,742.25 (total $529,801.44). Like the first account, the entirety of the securities and cash is held in the same two Edward Jones accounts. 

The stub account statements on file reflect the totals of $26,059.19 cash and $88,109.26 securities, not the totals given in the assets on hand in the accounting [$106,059.19 cash, and $423,742.25 securities (total $529,801.44)], thus the starting date balances contained in those statements are different from the start date balances reported in the summary and schedule showing the estate on hand at the beginning of the second accounting.

Under the circumstances, it is recommended the court order the sanctions and approve the accounting with a surcharge.  The surcharge will not affect the conservator, because the conservatorship estate now appears to belong to conservator. Thus, conservator would only owe himself.

Appearances:

The court is open to the public for court business. The court is also conducting hearings via Zoom videoconference.

Meeting ID: 161 956 1423

Passcode: 137305