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A financial power of attorney is a legal document that grants a trusted agent the power to make and execute financial decisions for a principal-agent. In some states, financial powers of attorney are automatically considered durable which meaning they remain in effect after the principal becomes incapacitated.
A financial caregiver is someone you enlist to help manage your finances. For example, if you become ill, a caregiver can make sure you pay your bills on time, monitor your bank accounts, manage your investments, or file your taxes.
A conservatorship is when a judge appoints another person to act or make decisions for the person who needs help. The person the judge appoints is called the conservator. The person who needs the help is the conservatee.
Conservatorship the position of being a conservator, especially a person who repairs, restores, or maintains the condition of objects in a museum, library, etc.: The program will give participants an opportunity to get a feel for the level of precision and care necessary for a career in museum conservatorship. Law.
The easiest way officially to make decisions on behalf of someone else is to execute a durable power of attorney, which is a legal document that appoints someone to act on someone else's behalf. The forms are generally available on the web for free or a nominal fee. They require witnesses or notarization to be valid.