LD 840
pg. 1
LD 840 Title Page An Act To Clarify the Duties of Conservators Page 2 of 2
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LR 916
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 18-A MRSA §5-418, sub-§(d) is enacted to read:

 
(d)__If a conservator fails to file an inventory or fails to
include in the inventory property that the court determines
should have been in the inventory, the court, in determining
the value of the uninventoried or missing property, may rely
on the opinion of qualified appraisers or owners of similar
property who have not seen the uninventoried property.__Any
doubt about the value of the uninventoried or missing property
created by the absence of the property must be resolved in
favor of the highest reasonable estimated offer.__When an
inventory has not been filed and interested persons allege
under oath or affirmation that property should have been
inventoried but is now missing, the conservator has the burden
of proving that property was not required to be inventoried.

 
Sec. 2. 18-A MRSA §5-429, sub-§§(e) and (f) are enacted to read:

 
(e)__Grounds for imposition of surcharge include, but are
not limited to:

 
(1)__Failure to timely file an inventory as required by
section 5-418;

 
(2)__Failure to timely file an account as required by
section 5-419;

 
(3)__Unexplained loss of property from the estate;

 
(4)__Bad faith management of the estate;

 
(5)__Failure to maintain adequate insurance on estate
assets;

 
(6)__Filing of false documents relating to the estate;

 
(7)__Taking an unreasonable fee for managing the estate;
and

 
(8)__Inducing or attempting to induce the protected person
to give the conservator special benefits.

 
(f)__A surcharge may include, without limitation, the
following:

 
(1)__An amount determined adequate to make the estate
whole for any losses of property or value or other losses
including costs and reasonable attorney's fees incurred by
the estate in any proceeding for surcharge;


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