In a conservatorship, the conservator is legally allowed to make decisions on another person's behalf without technically making them a family member. The person with a disability or other challenge only needs to sign the proper legal documents to grant the conservatorship, as Oher did in August...
A conservatorship is a legal process whereby a court appoints a responsible person or organization, called a "conservator," to manage a person's financial affairs, health care decisions, or both. The court determines that the person, known as the "conservatee," is unable to manage his or he...
Finance and Legal Fact Checked What is Conservatorship?By Charity Delich Updated: Feb 25, 2024 Views: 7,898 A conservatorship is formed when a court appoints someone to make decisions about another person’s assets and financial affairs. The appointee is typically referred to as the conservator,...
A legal guardian is a person who is appointed to look after someone else and his or her property. In most cases, a legal guardian...
A guardian has been given the legal responsibility to care for a child or an adult who does not have the capacity for self-care.1 A guardian may also be called a conservator when the role includes managing the finances of the child or adult.2 ...
A legal guardian is a person who has been legally appointed to care for the personal and/or financial interests of another person. Typically, a guardian is the parent of a child, but that isn't true in all cases. Someone becomes a legal guardian because
A bond is a loan to a government, agency, or company that is repaid with interest. Bonds can complement stocks and other more aggressive investments in a portfolio. The IOUs of the financial world, bonds represent a government's, agency's, or company's promise to repay what it borrows—...
A guardian of the estate is often called a conservator and is assigned to handle the estate of a minor. This type of guardianship leaves the parents' rights intact, except in the instance of the management of the child's estate. Celebrity children whose parents cannot be trusted to manage ...
Someone else might be the guardian, but not the conservator, of a niece or nephew who just lost both of their parents. Another person may be both the guardian and conservator of their elderly parent, which gives them the right to make most decisions (those that involve medical, financial, ...
if yournext of kin is a minor, a probate court may, among other options, need to appoint a guardian (also referred to as a conservator in some states) to oversee the management of assets. This court-appointed conservator will protect the assets and make financial decisions in the minor's...