A conservatorship is a legal right given to a person to be responsible for the assets and finances of a person deemed fully or partially incapable of providing these necessities for himself or herself. In some jurisdictions, a guardianship may be referred to as a “conservatorship of the person” or by some similar name, or there may be a type of guardianship position which subsumes many of the tasks of a conservator.
When is a Conservatorship Required?
It may become necessary to petition the court to appoint a legal conservator for persons:
- Who have physical or mental problems that prevent them from handling their own affairs.
- Who have no person already legally authorized to assume responsibility for them.
- Where other kinds of assistance with financial management will not adequately protect them.