What is a conservatorship and how is it different from a guardianship?
While guardianships are put in place to help with personal and health related needs, conservatorships are for assistance with financial needs. A conservator is a person appointed by a Michigan probate judge to manage the money and assets of a person who is unable to do so.
A conservatorship is created under Michigan law. An interested person files a petition in probate court to begin the process. The person must be unable to manage his or her own affairs and the person nominated as conservator must be qualified to serve. The probate court judge can create a conservatorship to help preserve and protect the property and money of a person who is unable to do so him or herself.
A Conservatorship Can Help Protect Your Loved One's Property and Money
If you have questions about whether a loved one may be in need of a conservator to protect his or her assets, call Attorney William Lamb at Elder Law of Chelsea today - (734) 475-2100.