Oregon Statutes 125.470 – Filing of inventory required; supplemental inventory
(1) Within 90 days after the date of appointment, unless a longer time is granted by the court, a conservator must file in the protective proceeding an inventory of all the property of the estate of the protected person that has come into the possession or knowledge of the conservator. The inventory must show the estimates by the conservator of the respective true cash values as of the date of the protective order. If the protected person has attained 14 years of age, a copy of the inventory must be served on the protected person personally or by mail.
Terms Used In Oregon Statutes 125.470
- Conservator: means a person appointed as a conservator under the provisions of this chapter. See Oregon Statutes 125.005
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Protected person: means a person for whom a protective order has been entered. See Oregon Statutes 125.005
- Protective order: means an order of a court appointing a fiduciary or any other order of the court entered for the purpose of protecting the person or estate of a respondent or protected person. See Oregon Statutes 125.005
- Protective proceeding: means a proceeding under this chapter. See Oregon Statutes 125.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) Whenever any property of the estate of the protected person not included in the inventory or any subsequent accounting and not derived from any asset included in a prior inventory or any subsequent accounting comes into the possession or knowledge of the conservator, the conservator must file a supplemental inventory in the protective proceeding. The supplemental inventory must be filed within 30 days after the date of receiving possession or knowledge of the property.
(3) If the estate of the protected person includes real property, the conservator must record in the deed records of the clerk of the county in which the real property is situated a certified copy of the inventory required by this section or an abstract in substantially the following form:
______________________________________________________________________________
The protected person’s name is ______
___________________________
Conservatorship Case # ____________
County where proceedings are pending ______________________
Conservator is ____________
Conservator’s address is ____________
Attorney’s name is ____________
Attorney’s address is ____________
The following real property is subject to proceedings: ________
Signature ______________________
Dated ______________________
The foregoing instrument was acknowledged before me this ___ day of ______, 2___, by ____________.
______________________________________________________________________________ [1995 c.664 § 48]
(Accountings)