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A conservatorship is a legal arrangement that allows you to handle someone else’s finances when they are unable to manage them on their own.
It is important to note that this arrangement is only appropriate if a person is legally incapacitated, meaning they are unable to make decisions for themselves. The knowledgeable attorneys at Nelson Elder Care Law can further explain what this means and whether a conservatorship is appropriate in your situation.
If you know someone who is incapable of making their own financial decisions, you should consult a lawyer with Nelson Elder Care Law. We offer free consultations about conservatorships, so call today to request yours.
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A conservator has the power to oversee the financial affairs of another person, known as a ward. As a conservator, your duties may include the following:
Setting budgets
Managing assets
Paying bills
Making investments
Paying taxes
Because there are many responsibilities that come with a conservatorship, one of the local attorneys from Nelson Elder Care Law can help you fulfill your duties.
Guardianships and conservatorships are similar in some ways, but there are important distinctions. In both arrangements, the ward no longer has the legal capacity to make significant decisions about their own life. However, a conservator only oversees a ward’s financial matters and property. A guardian becomes a ward’s official legal representative and makes decisions regarding their health and safety. For more on guardianships, please visit our Guardianship page.
In Georgia, only a state probate court has the power to appoint a conservator. The court must determine that the adult does not have the capacity to make important decisions about their own finances or property. A conservatorship may also be appropriate for adults who are unable to communicate their financial decisions.
There are multiple steps in establishing a conservatorship in Georgia. It can be a complex undertaking, but Nelson Elder Care Law attorneys can help guide you through it. During our free consultation, we will go through the steps in detail.
Step 1: Petition for Conservatorship
The first step in creating a conservatorship is filing a legal document known as a petition. A conservatorship petition requires two people to file, and both individuals must attest that the proposed ward is unable to make their own financial decisions. If you are the only person filing a petition, you must include a written statement from a medical professional who recently observed the proposed ward. There are specific requirements for this medical statement, which a skilled lawyer at our firm can explain.
Your petition must also contain enough evidence of incapacitation to convince the court that the person is incapable of making their own financial decisions. The court may also get a licensed physician or social worker to observe the proposed ward to determine if a conservatorship is truly necessary.
If a petition is denied, you must wait a full two years before reapplying. This is why it’s vital to make sure your petition is filed properly.
Step 2: Conservatorship Hearing
Once you file your petition, the court will set a date for a hearing. At the hearing, the court will ask you and your lawyer questions about your request for conservatorship. If the court is convinced that this arrangement is necessary, they will issue the formal documentation that you need to act on behalf of your ward.
Step 3: Conservator Requirements
Being appointed is not the end of the conservatorship process. As a conservator, you must regularly update the court on why the arrangement is still necessary. For instance, you must file an asset report in the first 60 days after your appointment. This report includes a full list of the ward’s available assets, as well as your plan for the ward’s property.
Additionally, you must complete this report every year and submit it within 60 days of the anniversary of your appointment. Our attorneys can help you complete these documents. To learn more about the conservatorship process, please call Nelson Elder Care Law for a free consultation.
Establishing a conservatorship is not an easy process, especially without legal guidance. If you wish to make financial decisions on behalf of your loved one, schedule a free consultation with our attorneys today.
Great team to work with. I didn’t really know where to start and I’m not "elder," but I had heard good things and they were definitely thorough and had a great process of helping me think through what all I needed to do!
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A wonderful experience. Everyone was very helpful and knowledgeable, answering all our questions. We are happy we have all the proper documents in place. A peace of mind.
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Building 1200, Suite 120
Woodstock, GA 30189
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