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A Guardian takes care of a ward's personal affairs (medical care, nutrition, clothing shelter, residence, and safety). A Conservator manages a protected person's financial affairs (finances, property and real estate). An incapacitated person may have both a conservator and a guardian.
A conservatorship is established when, with the help of a legal representation for conservatorship issues in Minneapolis, someone petitions the court to name a conservator for someone who needs the protection. The person who needs protection has the right to legal representation at a conservatorship hearing.
A conservatorship is when a judge appoints another person to act or make decisions for the person who needs help. The person the judge appoints is called the conservator. The person who needs the help is the conservatee. A judge can only appoint a conservator if other less restrictive options won't work.
The pros are that a conservatorship provides the greatest flexibility in being able to manage the changing needs of the subject person, arranging long term care, housing and being able to contract with providers as needed. As for the cons, conservatorships are time-consuming and expensive.
How is a guardianship or conservatorship set up? A person files a request (called a Petition) to ask the court to name them or someone else as a guardian or conservator for a person who needs help. The person who needs help must be given notice of the Petition. The person who needs help has the right to a lawyer.
A conservator is appointed to make financial decisions for the person subject to conservatorship. The conservator typically has the power to enter into contracts, pay bills, invest assets, and perform other financial functions for the protected person.