How a Conservatorship May Protect Your Estate from Undue Influence
What is a conservatorship? How could it potentially protect you from undue influence regarding financial matters and end of life decisions? Let’s look at this legal way to protect your decisions even if you should become unable to make those decisions for yourself later in life, or even just for a limited period of time.
What Is a Conservatorship?
A conservatorship is a final line of defense against having financial or medical decisions made without a person’s ability to consent. While proper estate planning can provide a power of attorney to make these decisions, a conservatorship involves the probate court assigning someone to make valid decisions on a person’s behalf. There are 3 types of probate conservatorships.
- A general conservatorship involves the court giving a person the legal ability to care for the personal decisions of another, including financial decisions.
- A limited conservatorship is usually only set up in the case of an adult who is developmentally disabled and needs some assistance in decision making.
- Under the Lanterman-Petris-Short Act, a conservatorship can be set up to assist someone who becomes so gravely disabled they can no longer provide their own basic needs of shelter, food, and clothing.
In the case of a person trying to influence someone who has become mentally incapacitated to make financial decisions that are different from what a will or medical directive may have originally dictated while the individual was of sound mind, a conservatorship may provide a neutral party to maintain the wishes a person expressed in the past.
A Better Way to Ensure Your Decision Remain Yours
The best thing to do is to have your estate planning properly prepared now. Everything from how your assets are to be divided to what you want your funeral to be like should be part of your estate planning. Appointing a power of attorney to make financial decisions or appointing a healthcare agent to uphold your medical decisions can also make things easier on family members who may have differing opinions on how to care for matters if you cannot do so yourself for one reason or another. To learn more, contact Petrov Law Firm today by calling 619-344-0360.