Our estate plans at Smith Strong, PLC are designed to avoid the need for guardians and conservators, however, some individuals simply unable to plan in time, thus making guardianship and conservatorship hearing required. Let’s learn more.
Guardianship & Conservatorship—Defined
Guardianship or Conservatorship are established when a Virginia Circuit Court determines a person is unable to manage their financial affairs (Conservatorship, in other words conserving the money for their benefit) or health and wellbeing (Guardianship, or guarding over them as if they were your child).
A person must be declared incapacitated to have a guardian or conservator placed over them—and the same person may fill both of these positions.