Conservatorship and Guardianship
A Conservatorship is a protective court proceeding in which a fiduciary is appointed by the court to oversee the financial affairs or personal care of an individual who cannot provide for his own financial or personal needs.
A Guardianship is a court proceeding in which a Guardian is appointed by the probate court to protect the person or estate of a minor. Guardianships of the person are often established by relatives or other caring adults to provide stability and needed care for minors whose parents fail to provide for them. Guardianships of the estate are commonly sought when a minor inherits significant assets or when proceeds from litigation are expected and merely placing the assets in a blocked bank account until the child's 18th birthday is undesirable.
