What is a guardianship and conservatorship?
Both a guardianship and a conservatorship aim to assist an individual that cannot act on his/her own behalf (whether an adult or child).
A conservatorship is established when it becomes apparent that an individual cannot act on his or her own to manage finances. The court appointed conservator is then able to make financial decisions on behalf of the protected party. The conservator is obligated to make annual reports to the court and is held accountable for the protected party’s financial affairs.
A guardianship is similarly necessary when the protected party/ward is unable to manage his/her well-being and personal care. The guardian can be the same individual as the conservator or someone different. Guardians are also obligated to report to the court on the condition of the protected party/ward. Guardians are tasked with make important decisions about the types of assistance the protected party needs and what type of living arrangements best suit the protected party.