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The primary difference between a guardianship and a conservatorship is the level of responsibility of the person providing assistance; a guardian provides for or helps manage personal care for a person (?ward?), whereas a conservator provides for or helps manage financial matters for a ward.
Adults who cannot take care of themselves or their finances, usually elderly individuals, qualify for conservatorship in California. Adults with developmental disabilities who cannot fully care for themselves or their finances are also eligible for a conservatorship.
A conservatorship refers to the legal process of someone taking control over your personal or financial decisions after you become unable to make them on your own. It's arranged in court and can vary in what type of responsibility the conservatee will have over the conservator.
Generally, guardians have control over the every-day decisions and care of a minor. Conservators have similar control over an adult, but they're typically limited to financial decisions.
While both legal arrangements might be used to help someone manage their affairs if they lack the mental competence to do so themselves, conservatorships differ from powers of attorney because they are not voluntary; they are created by the court; and they can only be revoked by the court.