Conservatorships are helpful when you have a family member who has no estate plan in place but lacks capacity to make decisions and care for himself/herself. It’s a process wherein the court determines that you can no longer care for yourself properly, and need someone (a conservator), to look after your affairs. Sometimes the court awards a conservatorship of the person (for health issues) and sometimes a conservatorship of the estate (for financial issues). You can also ask for both. Almost anyone can petition to serve as a conservator. However the process is time consuming and expensive, and requires very careful thought.
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