San Francisco

San Francisco

Saturday, July 16, 2011

What a Racquet!


Based soley on my first hand knowledge and experience, when a person is placed into a conservatorship with a "professional" conservator, the "professional" conservator and his or her attorney might just charge the conservatee for the following:*

Parking, messenger service, certified mail, stamps, copies, lunches with conservatee, special litigators when there own attorney does not know how to litigate, trustee's bond, payroll service, office supplies, wages and payroll taxes for a caregiver convicted of a felony with no caregiving experience...not even a high school diploma or liability insurance, time spent going to the post office, bridge tolls, $50 to post one check in Quickbooks every month, $12.50 to post a bank entry, dropping off accounting data, filling out a stock proxy statement...

These charges are in addition to the percentage of the estate that the conservator charged.  The percentage of the estate was $12,000 more than the hourly rate would have been in this particular expample.  Now why are they getting a percentage of the estate and still billing for $50 to post a check in Quickbooks, filling out a stock proxy.  If you have ever completed a stock proxy it takes less than 2 minutes including licking the stamp.  He/she charged $25, dropping off accounting data, time to the post office.  You know for a million dollar estate the bond is over $1000 per month and the conservatee pays it?

These people have no overhead.  They have no cost of doing business. If they have a few conservatees, do they charge each conservatee for the payroll services each month?  I happen to know that the conservator used in this example does have slightly more than a few. Jeez, the conservatee even buys the conservator's office supplies.

Then you have the conservator's attorney's fees:

Postage, messenger, parking, cab, copies, etc.

I have worked at KRON-TV, Serena Software, Verifone, Ericsson...I have never heard of a company that charged their customers/clients for copies, postage, the cab ride to meet with them, taking them out to lunch....

But you see, this is how they play the game!  What a racquet!

*Based on a true story