Conservatorship
Understand conservatorship with SimplyTrust: key responsibilities, eligibility, and its impact on estate planning decisions.
How does conservatorship impact estate planning?
Conservatorship can significantly affect estate planning as it involves appointing an adult to manage financial and personal affairs for someone unable to do so themselves. This can include making decisions about property, healthcare, and living arrangements. If a conservatorship is in place, it could influence the operation of existing estate plans, such as the management of trusts and wills, to ensure compliance and proper decision-making. Understanding these dynamics is crucial for families as they navigate potential changes to estate plans under conservatorship.
