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Legal process: The process of establishing a conservatorship can be lengthy and complicated, requiring multiple court appearances and assessments. Potential for abuse: In some cases, a conservator may abuse their power, exploiting the conservatee or mismanaging their finances.
A conservator may sell, lease, encumber or exchange property of the ward for payment of the wards debts for support and education of the ward or dependents of the ward, or for reinvestment upon order of the court. The conservator must file both an annual report and inventory with the Court.
The role of a conservator is to protect the wellbeing and/or finances of an adult (usually an elder) who cannot do so themselves because of a lack of mental competence or a physical disability.
All limited conservators must: Act in the best interests of the conservatee. Help the limited conservatee develop maximum self-reliance and independence. Stop abuse or neglect of the conservatee.
A limited conservatorship in California allows for specific powers to be granted to the conservator: Power to access the conservatees confidential records and documents. Power to allow, deny, or limit the conservatees right to have social and sexual relationships. Power to give consent for the conservatee to marry.
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Some conservatorships are temporary in nature, though, and automatically expire. A special category to aid those with mental health issues - known as Lanterman-Petris-Short (LPS) conservatorship - usually expires after one year and must be reevaluated by a judge.
General: The conservator has full authority over the conservatees finances, physical autonomy, health and all other significant decisions. It is uncommon for a court to grant a physical conservatorship without also granting financial authority as well, so this is more common than a physical conservatorship.