Finance and Law

What Is Conservatorship and What Do Conservators Do?

<p style&equals;"text-align&colon; justify&semi;">If you don&&num;8217&semi;t know what a conservatorship is&comma; you&&num;8217&semi;re not alone&period; Most people haven&&num;8217&semi;t heard of it&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If they have&comma; it&&num;8217&semi;s probably in reference to Britney Spears&period; She&&num;8217&semi;s been under a <a href&equals;"https&colon;&sol;&sol;www&period;nytimes&period;com&sol;2016&sol;05&sol;08&sol;arts&sol;music&sol;is-britney-spears-ready-to-stand-on-her-own&period;html" target&equals;"&lowbar;blank" rel&equals;"noopener">court-approved conservatorship<&sol;a> in California since 2008&period; In her case&comma; it means she doesn&&num;8217&semi;t have full control over both her personal life and her finances&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">But her case is not exactly typical&period; In many cases&comma; a conservatorship focuses primarily on managing someone&&num;8217&semi;s finances&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Read on for information that will help you answer the question&comma; &&num;8220&semi;What is conservatorship&quest;&&num;8221&semi;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">What Is a Conservator&quest;<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">For starters&comma; it helps to know what a conservator is not&period; In many estate planning situations&comma; a conservatorship is not the same thing as a guardianship&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Both get appointed by courts&period; But guardians are usually in charge of someone&&num;8217&semi;s personal care&period; They&&num;8217&semi;ll do things like make choices about the type of medical care the person affected receives&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">What does a conservator do&quest; The duties of a conservator are often focused on financial matters&comma; including real estate and liquid assets&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Getting a conservatorship or guardianship isn&&num;8217&semi;t as easy as walking into a courtroom and filling out a simple form&period; The courts oversee the process&period; This is designed to prevent any abuses of power&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Different states have different laws about how conservatorships get structured&period; For instance&comma; California has two types of conservatorship&colon; conservatorship of the person and conservatorship of the estate&period;<&sol;p>&NewLine;<h2>Why Are Conservators Necessary&quest;<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A conservator gets appointed in highly specific circumstances&period; You can&&num;8217&semi;t request a conservatorship because you&&num;8217&semi;re tired of thinking about your real estate holdings&comma; for instance&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Conservators are only appointed in cases where the affected party becomes incapacitated somehow&period; Let&&num;8217&semi;s go back to the Britney Spears example&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If you followed the news in 2008&comma; you might remember that Britney Spears wasn&&num;8217&semi;t doing so well&period; She behaved in ways that were <a href&equals;"https&colon;&sol;&sol;broadly&period;vice&period;com&sol;en&lowbar;us&sol;article&sol;9k9y45&sol;paparazzo-auctioning-off-umbrella-from-infamous-britney-spears-attack" target&equals;"&lowbar;blank" rel&equals;"noopener">erratic and sometimes violent<&sol;a>&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The conservatorship wasn&&num;8217&semi;t an overnight process&period; In her case&comma; it happened due to  both mental health and <a href&equals;"https&colon;&sol;&sol;newsforpublic&period;com&sol;exploration-link-music-addiction&sol;">substance abuse problems<&sol;a>&period;<&sol;p>&NewLine;<h2>The Conservatorship Process<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Conservatorship is an extreme measure designed for extreme situations&period; Your family members can&&num;8217&semi;t take you to court and demand a conservatorship because you have a bad cold&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">They also can&&num;8217&semi;t do it if you&&num;8217&semi;re dealing with mild or moderate mental health issues like depression and anxiety&period; There are plenty of anxious or depressed people who can manage their lives through medication and therapy&period; They don&&num;8217&semi;t need the courts to get involved&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Here&&num;8217&semi;s an example of a person who might need a conservatorship of estate in California&period; Let&&num;8217&semi;s say your grandmother hands over her life savings to a scammer in Nigeria&period; In that case&comma; the family might have cause to hire a <a href&equals;"https&colon;&sol;&sol;www&period;kamlawfirm&period;com&sol;conservatorships&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">conservatorship attorney<&sol;a> and ask the courts to intervene&period;<&sol;p>&NewLine;<h2>What is Conservatorship&quest;<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If you&&num;8217&semi;re concerned about becoming incapacitated&comma; you can appoint a power of attorney&period; Someone with that power can make medical or financial decisions for you without a long and drawn out conservatorship hearing&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">What is conservatorship&quest; By now&comma; you should be able to answer that question&period; But that doesn&&num;8217&semi;t mean you need to lie awake worrying about the possibility that you&&num;8217&semi;ll need one&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A financial adviser is another person who can help you care for and grow your estate&period; For more&comma; <a href&equals;"https&colon;&sol;&sol;newsforpublic&period;com&sol;benefits-financial-advisor&sol;">read our blog<&sol;a> on the benefits of hiring one&period;<&sol;p>&NewLine;

Hardik Patel

Hardik Patel is a Digital Marketing Consultant and professional Blogger. He has 16+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing.

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