Guardian versus Conservator: What is the Difference?

Guardian versus Conservator: What is the Difference?

Guardian versus Conservator: What is the Difference?

There is often confusion about what a guardian does as opposed to what a conservator does. The two roles are similar but distinct.

A guardian is a court-appointed fiduciary who is responsible for ensuring that all the personal, day-to-day needs of a child or incapacitated adult are taken care of. In the case of a child, the guardian is often the primary caregiver, living with the child and fulfilling a parental role. This is not always the case with an incapacitated adult. The guardian of an incapacitated adult is usually in charge of making sure that the ward gets adequate medical treatment and that the ward’s caregivers are doing an adequate job of meeting his or her personal needs.

A conservator, or guardian of the property, is a court-appointed fiduciary whose responsibility is limited to managing the financial affairs of a child or an incapacitated adult. The conservator takes care of real estate, manages bank accounts, and handles investments. His or her duties can range from paying bills to buying and selling stocks and bonds to managing rental property on behalf of the ward.

 

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