Conservatorships – Long Term

Conservatorship vs. Guardianship

Conservatorships and guardianships are similar, with the distinct difference being the focus on finances versus lifestyle. In guardianships, a designated person makes day-to-day decisions on behalf of an incapacitated person, whereas conservatorships focus on maintaining and administering ongoing financial decisions.

Long-term conservatorships mean long-term financial decision-making.

A conservatorship offers a clear directive that one person has control of financial decisions if the ward is incapacitated for an indefinite time or is not expected to regain decision-making skills.  Long-term conservatorships benefit the elderly who cannot make financial decisions or who can no longer remember to keep up with the day-to-day and month-to-month financial transactions needed to maintain their well-being.  Long-term conservatorships are also helpful in cases where the ward has a disability that renders them incapable of making or carrying out properly informed financial decisions.

We offer help with the day-to-day.

A conservator is responsible for handling another person’s day-to-day finances, which comes with legal requirements.

Braggs Law Firm can help with all of the following:

  • Account creation and maintenance
  • Annual reporting
  • Audit assistance
  • Organizational advice for maintaining proper documentation of expenses

We have personal and professional experience.

We have personal and professional experience with conservatorships and will share our knowledge with you while helping set up and maintain one. With years of experience, we can make the transition as easy as possible while setting you up for success long into the future. Contact us online, call (703) 972-5640, or schedule an appointment online. We know the complexities of conservatorships and would like to use our experience to make your transition as smooth as possible.