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A conservatorship of an adult ward ends when the ward dies, when a ward's rights are restored, or when the ward's assets no longer justify management by a conservator. In order to close a conservatorship and be relieved from liability under the bond, the conservator must file a Petition for Discharge.
Receive, collect, and make decisions regarding the ward's property. A conservator shall, to the extent feasible, encourage the ward to participate in decisions, act on the ward's own behalf, and develop or regain the ability to manage the ward's property.
Receive, collect, and make decisions regarding the ward's property. A conservator shall, to the extent feasible, encourage the ward to participate in decisions, act on the ward's own behalf, and develop or regain the ability to manage the ward's property.
What is Conservatorship in Georgia? Conservators in Georgia ? formerly known as guardians of property ? are responsible for taking care of financial matters for their ward or minor child. Conservators, importantly, do not have control over personal and welfare matters and cannot make medical or legal decisions.
A power of attorney is signed while the individual is still (mentally or legally) competent; the individual willingly gave someone powers over them. A guardianship or conservatorship is conducted when someone is not competent; the individual does not willingly give someone powers over them.
Of course, there are times when legal guardianship or conservatorship is needed and necessary. A Guardian is granted authority over the person of another, and a Conservator is granted authority over the property (including money) of another.