A conservator is an individual who manages the assets of another individual deemed “unable to manage property and business affairs effectively because of a clinically diagnosed impairment in the ability to receive or evaluate information or make or communicate decisions.” M.G.L. c. 190B, § 5-401(c)(1). A conservator is different from a guardian, although some situations require that an individual be both.
There are ways that individuals can proactively plan so that they minimize the chances that a conservatorship is later necessary. For example: A durable power of attorney might be enough to avoid the necessity of having a conservator appointed.
To learn about your options, call the attorneys at Finn & Eaton, P.C. at (781) 484-1066 or email us to schedule a free one-hour consultation.