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The judge can appoint two or more limited conservators to serve ?jointly.? If the judge appoints two limited conservators, both conservators must agree to exercise a power. If the judge appoints more than two, a majority of the conservators must agree to exercise a power.
Joint managing conservatorship in California, also called joint conservatorship or co-conservatorship, implies the opposite of a sole managing conservatorship. it refers to when two conservators (such as two adult children of an ailing parent) are appointed by the court as joint conservators.
A conservator is a person or organization appointed by a court of law to manage an insurer that is financially impaired or in danger of insolvency.
A power of attorney and a guardianship are tools that help someone act in your stead if you become incapacitated. With a power of attorney, you choose who you want to act for you. In a guardianship proceeding, the court chooses who will act as guardian.
A person is ?incapacitated? if he or she, for reasons other than being a minor, is unable to receive and evaluate information or make or communicate decisions to such an extent that the person lacks the ability to meet essential requirements for physical health, safety or self-care without appropriate assistance.
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.
Guardianship's in Colorado While guardians may handle small amounts of money for their wards, a court will generally appoint a conservator for amounts over a specific threshold. For minors, guardians in Colorado can also be appointed via a will.
There are three types of guardianship: (1) Guardianship of the Person, (2) Guardianship of the Estate, (3) Guardianship of the Person and the Estate. A Guardian of the Person only has authority to make personal and medical decisions. A Guardian of the Estate has the authority to make financial decisions only.