Explaining the Differences Between Guardians and Conservators
If you are wondering how a guardian is different from a conservator, you came to the right place. At Althaus Law, we help people with all of their estate planning questions.
For answers to more questions about guardians, conservators or estate planning in general, contact our Thornton and Northglenn law firm today.
Guardians, Conservators and Estate Planning, Oh My!
There are many complex estate planning terms and probate terms that are just downright confusing. Two of these terms are “guardian” and “conservator.”
A guardian can come into play in one of two ways:
- Parents assign a person to care for children
- A court assigns a person to care for children or an incapacitated adult
Parents can assign an individual in their will to care for their children should something happen to the parent. This is the simplest and cheapest form of guardianship. It can solve lots of problems down the road, so it is highly recommended as well. If no guardian has been pre-decided upon, a court will have to make that decision. This decision will be costly, time consuming and stressful for the entire family. Make life easier on your family and choose a guardian today.
A conservator is a court appointed individual that manages the finances of someone who is unable to do so for themselves (this person is called the ward or protected person). Having a conservator appointed is also expensive and very time-consuming. The time and expense can be avoided by drafted a proper power of attorney in advance of any incapacity.
Avoid the Hassle – Get Your Plan in Place So You Can Relax
Stressing about whether or not your family will be protected is not the way to go. Let Althaus Law fix your stress and put the proper documents in place to help you and your family relax. Contact us to find out about your guardianship options.