A conservator can be appointed, in a full or limited capacity, for either a temporary or for a longer period of time, for a person who is unable to manage property and business affairs effectively for a number of different reasons that are defined by statute.
A conservator is usually appointed because there is a concern that the person who is unable to manage their property and business affairs effectively, will either waste or dissipate their assets and not have sufficient money to provide for themselves or others; a conservatorship is a protective mechanism. A conservator should be appointed only when necessary, and then with only those powers that are necessary to address the person’s limitations. A conservator could be appointed, for example, to manage real estate, but not to manage the individual’s receipt and use of retirement or pension income. Courts look closely at any request for conservatorship to ensure that a conservatorship is necessary, and then only for the purpose intended.