Thursday, June 9, 2016

What is Conservatorship

It is a court process that helps appoint a person to protect and manage the financial affairs and/or the person's daily life due to being disabled. To become a conservator either the party intending to be the conservator or another loved one responsible for the adult will petition the court to appoint the conservator.

Conservatorship can be both expensive and time consuming. This process can be avoided by doing a simple Financial Power of Attorney which takes minutes and is low cost. A guardianship may be needed also for the disabled person. The same person or a separate person can be named by the courts. The cost rises if both processes are needed.

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