Conservatorships

conserve assetsConservatorships are a formal probate process on behalf of a person who is not able to provide for his/her personal needs or is not able to manage his/her finances. In many cases, Conservatorships are used to prevent an elderly person suffering from Alzheimer, dementia or other disease from depleting his/her personal savings and assets.

Types of Conservatorships

There are two forms of Conservatorships:

  • Conservatorships of the Person
    Conservatorships of the Person may be appointed for a person who is unable to provide for his/her personal needs, such as food, clothing, shelter and health.
  • Conservatorships of the Estate
    Conservatorships of the Estate may be appointed for a person who is unable to manage his/her personal finances, resist fraud or undue influence.

A Conservator can be appointed for the person, the estate or both. A Conservatee is presumed to not have the capacity to contract, sell real estate, incur debt and similar activities. However, this does not prevent the Conservatee from certain activities such as voting, creating a Will or giving informed consent. A lawyer experienced with Conservatorships, such as Greg Robinson, can explain which activities are protected under Conservatorships and which ones are not protected.

There are alternatives to Conservatorships if the situation does not warrant such a drastic action. A durable power of attorney or a living trust are examples of other legal measures that may be more appropriate, depending on the capacity of the individual.

Attorney Greg Robinson can help you understand the options available to you, given your specific circumstances. Mr. Robinson focuses his law practice on estate planning, business law and asset protection, including Conservatorships. He can help guide you through this potentially complex area of law.

Contact estate planning attorney Greg Robinson at 636-532-9500 in
St. Louis to arrange for a FREE initial consultation.

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