Conservatorship generally refers to the designation of a conservator by a court to manage the financial and personal affairs of an incapacitated or incompetent individual, minor, or older adult with limited capacity. In general, a conservatorship and a guardianship are different, but the same person ...
A: To protect minors' financial well-being, there are several alternatives to conservatorship. Creating a financial power of attorney to assign a representative payee, joint property ownership and joint bank accounts, or the establishment of a special needs trust are examples of these. Conclusion In...
In Spears’ case, she was deemed unfit to care for herself by a probate court in Los Angeles, and her father was appointed as her conservator. Under this setup, Spears assumed control over his daughter’s bank accounts, and other affairs, in order to protect her fortune. Who qualifies? I...
Historically,investmentsmade in conservator accounts are required by law to be conservative, for example, investing in governmentbondsand bankcertificates of deposit (CD). Conservatorship can also apply to companies or organizations. During the financial crisis of 2008, the Federal Government appointed th...