Conservatorship

Conservatorship is a legal arrangement in which a court appoints a conservator, guardian, or protector to manage the financial affairs, assets, and personal welfare of an individual who is unable to make decisions or care for themselves due to incapacity, disability, or incompetence. Conservatorship may be established voluntarily through a legal document known as a conservatorship agreement or involuntarily through court proceedings, typically for minors, elderly individuals, or individuals with disabilities or mental health issues. Conservators have fiduciary duties to act in the best interests of the conservatee and must comply with legal and ethical standards.