a Court proceeding that appoints a manager to be legally responsible for the personal and/or financial needs of an individual who is declared to lack the capacity to properly provide for those needs alone
a court proceeding to appoint an individual or a corporation with trustee powers to manage the financial affairs of a minor or other person who can no longer manage his or her own property or financial matters
a formal court process used to appoint a conservator of the person and/or property of someone who is unable to provide for his own personnel needs and/or is unable to manage his own financial resources
a legal arrangement in which an individual, a conservator, has court permission and responsibility to manage the affairs of another adult who is in need of assistance, referred to as an incapacitated person
a legal proceeding in which an adult "conservator," or caretaker, is appointed by a judge to manage the affairs and to care for another adult "conservatee" whom the judge determines is unable to perform these tasks for themselves
an individual or corporation appointed by the court to manage the estate, property, or other business affairs of an individual whom the court has determined is unable to properly take care of his affairs himself, because of incapacity
A proceeding in the probate court that appoints a person to assume control over an individual's assets because that individual is unable to deal with his or her own property. It is usually based upon legal incompetence. A court appointed conservator must usually post a bond. The use of a revocable living trust can avoid a conservatorship by providing for the management of assets in the event of legal incompetence or incapacity.
A legal process in which an adult is appointed by the Court to make financial decisions for another person who is determined to be financially incapable to make these decisions. A Conservator may be appointed when it is determined that the protected person has money or property that requires management or protection. A conservatorship proceeding is a different legal proceeding that guardianship; it may be done independent from or jointly with a guardianship proceeding.
A court proceeding where a judge picks someone (a conservator) to take care of an adult's personal needs (Conservatorship of the person) and/or his or her finances (Conservatorship of the estate). For minors, see Guardianship.
In many states, this term is synonymous with guardianship. In New Jersey, it is utilized as a protective arrangement for individuals who are not mentally incapacitated but are frail and do not feel that a power of attorney can protect their interests. It is important to note that a conservatorship only provides for property management. It does not allow for decision making as to an individuals personal or medical needs.
A conservatorship is a court order that some property or a person be subject to the legal control of another person or entity. Many jurisdictions use the term "guardianship of the person" to refer to the same legal principle. A person under conservatorship is a conservatee or protected person; a person under guardianship is a ward.