We know from demographic studies that the senior population in the United States (age 65+) is anticipated to swell to 71.5 million members by the year 2030. As this segment of the population grows, so will the need for appointment of conservators and guardians for incapacitated older adults. When a person is deemed incapable of managing his or her own personal or financial affairs, a court will appoint a conservator or guardian to take control of those decisions. The scope of responsibility for a conservator or guardian may be limited to financial matters, or may include other aspects of the … Read More
This week in the news, conservertorships and guardianships were a regular topic for discussion as one of the world’s biggest pop stars was placed under a conservatorship run by her father. What exactly is a conservatorship, and how does it work? A conservatorship occurs when a court issues an order allowing a person, business, or entity to have control over another person or entity.
In a conservatorship, the person with the control is called the conservator, while the person or entity being controlled is called the conservatee. A court will only appoint someone as a conservator if it is shown … Read More