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The Pros and Cons of Conservatorship: Exploring the Different Perspectives

08/28/2023 | Blog

The benefits of a conservatorship include safeguarding a person’s assets from self-neglect or third-party exploitation. Often, individuals neglect mortgage and utility payments, facing property sale or service disconnection. Financial management and awareness are lacking, with potential vulnerabilities to third-party manipulation, like unauthorized power of attorney. A conservatorship prevents self-detriment and third-party abuse. However, it has drawbacks. A conservatorship involves court permissions for financial decisions. Family relationships might be strained, affecting personal bonds. Alternatively, an estate plan, discussed in other videos, avoids a conservatorship. For inquiries or consultations on conservatorships, estate plans, and more, contact the Alice Salvo law offices.