It’s often said that art imitates life. If that’s true of the popular movie, I Care a Lot, life can get pretty scary in the world of conservators and conservatorship.
Conservatorship is designed to protect a person who has, for any number of reasons, become incapable of managing his or her financial and/or personal affairs. Most people create a Designation of Conservator as a standard part of their estate planning.
When you are putting your estate plan together, one of the advance directives you will want to create is a Designation of Conservator. It is probably something you haven’t thought about, or maybe even knew it existed! But it is really important.
What is this Designation of Conservator? It’s where you decide ahead of time who will manage your affairs – and under what certain circumstances – if you become incapacitated.
So what is a conservator?
A conservator is a person appointed by the probate court to oversee the financial and/or personal affairs of an adult who is determined by the probate court to be incapable of Continue reading
Connecticut Estate Planning Attorneys Blog