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If a conservator is no longer incapacitated and can make his or her own financial and life decisions, ending a conservatorship is often a fairly straightforward process: Obtain counsel who can help you prepare a Petition to Terminate Conservatorship. Submit a Petition form to the conservatee's county probate court.
A conservator of the person supervises personal affairs and ensures that the person's basic needs, including food, shelter, clothing and health care, are met.
(b) A petition for the termination of a limited conservatorship may be filed by any of the following: (1) The limited conservator. (2) The limited conservatee. (3) Any relative or friend of the limited conservatee.
The pros are that a conservatorship provides the greatest flexibility in being able to manage the changing needs of the subject person, arranging long term care, housing and being able to contract with providers as needed. As for the cons, conservatorships are time-consuming and expensive.
The limitations of a conservatorship will be defined by the Court while the limitations of a Power of Attorney (POA) will be defined by the individual delegating the authority. Finally, by keeping a power of attorney up to date you can avoid the potential need for a conservatorship.