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?Conservatorships are only granted by the court for adults with a mental disorder as listed in the ?Diagnostic and Statistical Manual of Mental Disorders (DSM IV) and who are gravely disabled. ?Conservatorships are granted for people with: ?Schizophrenia. ????Bi-Polar disorder (manic depression)
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.
Courts mandate a conservatorship when an individual is incapacitated in some way. A mental health conservatorship is required when someone suffers from a mental disability, such as dementia, which prevents them from making sound financial and personal decisions.
To begin the process of seeking a conservatorship, a petition must be drafted. The petition is usually prepared by the proposed conservator, but also may be prepared by: The proposed conservatee (if they have the requisite capacity) A spouse, domestic partner, relative, or friend of the proposed conservatee.
Conservators are court-appointed individuals who are given the ability to manage another person's finances and personal affairs. They're able to limit the conservatee's spending and, depending on the extent of the conservatorship, any other financial and personal decisions.