A conservatorship is when the court appoints someone to manage the finances of an incapacitated person ("protected person").

 

The conservator has the authority to collect, hold, and retain the protected person's assets. In addition, the conservator has the duty to manage and invest assets of the protected person and to pay the debts and ongoing bills of the protected person.

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An attorney can help determine if a conservatorship is necessary, or if other steps can be taken to assist with financial authority.