Estate Planning Attorney Serving the Denver Area
A conservator manages a person’s finances when they are unable to
because of an illness, injury, or disability. When a person becomes incapacitated,
it can be difficult for them to make informed decisions about their health,
money, and living situation. A conservator assists with important
estate planning decisions that need to be made.
When Is a Conservator Needed?
Common conditions or situations where having a conservator can be useful include:
- Alzheimer’s or Dementia
- Severe Brain Injury
If a person cannot make important life decisions, a court will rule that
they are incapacitated. Courts will hold a hearing to examine the facts
and come to a decision. A person is usually deemed incapacitated if they cannot:
- Comprehend their finances, healthcare, or living situation well enough
to make informed decisions about such matters.
- Clearly communicate their wishes about significant matters impacting their
finances, healthcare, or living situation.
When this happens, the incapacitated induvial is then referred to as a
What’s the Difference Between a Guardian & Conservator?
guardian mostly makes health and non-monetary decisions for an incapacitated person,
while a conservator manages both their healthcare and finances. Who is
assigned to your case depends on the situation and how the ward is incapacitated.
Courts can appoint both a guardian and conservator when they deem it appropriate.
Speak with Our Denver Lawyer Today
Do you have more questions about conservatorships? We can help. At The
Moodie Law Firm, we assist individuals and families preparing for their
long-term futures. Our team can help you understand the differences between
guardians and conservators and determine which is suitable for your case.
Our qualified and experienced attorney strives to provide legal counsel
that is tailored to your particular needs.
Call (303) 578-3940, or contact our Denver estate planning attorney
to start your consultation today.