LOS ANGELES (CNS) – A judge today ruled that Zsa Zsa Gabor’s husband, the court-appointed conservator of his ailing wife, can sell the couple’s longtime residence.
The sale is necessary because a $1.15 million loan comes due May 14 on the Bel Air Road property where Gabor has lived for nearly 40 years, according to court papers filed last month with Los Angeles Superior Court Judge Reva Goetz by Frederic Prinz von Anhalt and his lawyer, William Remery.
Goetz’s order allows for a deferred transaction that will permit Gabor to remain at the home for at least three years from the date of sale. Gabor’s right leg was amputated in January 2011 because of gangrene.
Von Anhalt said after the hearing that he was pleased with the judge’s ruling and that it will be good news for his wife.
“This decision is going to make her very happy,” von Anhalt said. “Hopefully she will be with us for more than three years. Her mother lived to be 102.”
Von Anhalt said he already has a buyer. He and Remery will have to get Goetz’s approval of the terms of the sale.
Goetz recently ruled that von Anhalt will remain as his 96-year-old wife’s interim caretaker at least until Aug. 21. The judge originally appointed him to the position last July.
According to von Anhalt’s court papers, Gabor’s home is burdened by three loans totaling $5.1 million. Although the loans could be refinanced, it would cost about $5.6 million to cover the new loans, insurance, property taxes, fire insurance and interest, the conservator’s court papers state.
The Hungarian-born former actress’ income is less than $9,000 a month and the bedridden woman’s in-home caregiving expense is $10,000 monthly, the von Anhalt court papers state.
“Those caregiving expenses do not include (Gabor’s) other normal living and household expenses,” according to von Anhalt’s court papers.
Gabor is unable to talk about her wishes regarding her property because of her condition, so von Anhalt has been in communication with his wife’s court- appointed attorney, Leanne Maillian, according to the conservator’s court papers.
In a sworn declaration, Maillian confirmed she supports a deferred sale.
“I have visited with my client and she is unable to express to me what her wishes are …,” Maillian states. “I have no reason to believe, however, that my client would not want to remain in her home as long as possible and that she would want to continue receiving the care which she is presently receiving in her home.”
Gabor’s daughter, Constance Francesca Gabor Hilton, filed her own conservatorship petition in March 2012 after learning her mother’s home was in default over missed mortgage payments and that von Anhalt had obtained a six- figure loan against his wife’s equity in the property, according to a statement issued on behalf of Hilton’s attorney.
But both sides last summer reached an interim solution in favor of appointing von Anhalt as Gabor’s temporary conservator.
In previously submitted court papers, Remery said his client has “managed (Gabor’s) finances prudently while under significant financial straits created in large part by (Hilton’s) own abuse of power of attorney given to her by (her mother).”
Hilton’s lawyer, Kenneth Kossoff, said he hopes the final terms of the sale will ensure that the proceeds provide the best possible care for Gabor.
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