“Eight years ago, America’s baby boomers, people born between 1946 and 1964, began to retire. At nearly 75 million, they represent one of America’s largest elder care challenges.”
Millennials, now in their 30s, need to begin thinking about caring for their boomer parents, as medical, financial and mental health needs come up. For lucky families, this will mean conversations with travel agents and financial advisors. For those not so fortunate, it will mean conversations with doctors, nursing home staff and, in some cases, with lawyers regarding conservatorships, says KAKE.com in the article “What is a Conservatorship and How Does It Work?”
A conservatorship is a form of legal guardianship of an adult. The conservator has legal authority over certain parts of the person’s life. It may be a “limited conservatorship,” where only specific matters are under the conservator’s control, like health or finances. The “full conservatorship” gives the conservator complete control over the person’s life, in the same way that a parent has legal control over a child.
Conservatorship is granted when the person no longer has the capacity to make decisions on their own behalf. In almost all cases, this is based on their mental capacity. While it can happen, physical incapacity rarely is acceptable for conservatorship to be awarded.
Some of the common reasons for conservatorship by way of mental incapacity, include if the person is in a coma, suffers from Alzheimer’s, dementia or severe mental illness, or has a permanent or genetic mental disability that prevents them from ever reaching legal maturity or independence.
Conservatorship is a legal proceeding, which must be granted by an officer or appointee of the court. It’s typically handled by a state probate court or family court. Hearings are usually held by a judge or a magistrate. A conservatorship may be part of estate planning. Most conservatorships require medical paperwork, but in all instances, the potential ward must have the opportunity to be heard by the decision maker and to present their case, if they wish, as to why conservatorship should not be granted. An individual also has the right to challenge the conservatorship, in court, at any time, if they disagree.
Power of Attorney may be used to accomplish some of the things that would be accomplished by a conservatorship. A POA gives a person the ability to make legally binding decisions for someone else, and the scope can be narrow or broad. The POA, however, is granted at the discretion of the person giving another person this power.
An estate planning attorney will be able to discuss all of the rights, responsibilities and fiduciary obligations of a conservatorship. Most have had experience with conservatorship and will be able to help the family and the individual make informed decisions in the best interest of the individual.
Reference: KAKE.com (December 11, 2019) “What is a Conservatorship and How Does It Work?”