The two terms guardianships and conservatorships often confuse families in need of solutions for their elder loved ones. In some states, these two terms mean the same thing, but in New Jersey, there are some subtle, yet important, differences.
Our estate planning and elder law attorneys want to make sure our Jersey neighbors understand guardianships and conservatorships. Such an understanding can help you find the right solution for your senior. Here are some things to know:
The term guardianship is easiest to understand because it works largely just as its name implies. A guardian makes important personal decisions for someone who cannot make their own due to age or infirmity. That includes issues like where to live, who they can see and what medical care they need.
A conservator takes over the financial affairs of someone who is unable to manage their own. In that respect, they are the “guardian of the estate,” rather than the person.
More and more often, families want seniors to participate in decisions made about their health and finances. An experienced legal team can help families achieve this and other critical goals.
We know how difficult it is to address matters concerning your elders, but we want to make sure you understand the importance of this task. As such, we urge you to learn as much as possible about guardianships and conservatorships before you finalize your elder’s estate plan. Find out more about your legal options. Please continue browsing our website for additional information. You may also reach out to our staff for specific answers.