Protecting Your Loved Ones With Conservatorships And Guardianships
Your loved ones are important to you. When individuals are not capable of making important decisions, it is imperative that their legacy and needs are protected.
The attorneys at Jarrette & Walmsley, LLP, have decades of experience petitioning, establishing and working with guardianships and conservatorships in regards to estates.
What Is A Conservatorship?
Conservatorships apply to adult individuals over the age of 18. There are two main types of conservatorships:
- The conservatorship of a person: Allows the appointed individual the authority to make decisions for the personal maintenance and care of the incapacitated adult.
- The conservatorship of an estate: Allows for the transfer of management of wealth and property to the appointed individual and away from the incapacitated adult.
Individuals appointed as conservators have strict responsibilities. Once appointed, conservators will follow California laws and start cataloging and inventorying the assets of the estate. The conservator must file a plan with the court, and that plan is monitored every few years.
What Is A Guardianship?
Guardianships apply to children under the age of 18. Much like conservatorships, there are two main types of guardianships:
- The guardianship of a person: Allows an appointed individual the authority to make legal decisions on behalf of the child.
- The guardianship of an estate: Allows an appointed individual the authority to manage money and assets inherited by a child until the child reaches the adulthood.
Managing inherited money within the best interests of a child is important. The process to become a guardian can be complex and includes notifying relatives, completing paperwork and participating in interviews.
Protect Your Loved One’s Estate Today
If you are interested in becoming a conservator or guardian of a loved one’s estate, we can help you petition the court. We also will assist with reviewing, drafting and monitoring plans. We have office locations in both Los Olivos and Santa Barbara to better serve your needs. Call us today at 805-697-7390 or complete the contact form to schedule a consultation.