What is a conservatorship?

A conservatorship is a type of guardianship available in South Carolina. It is a legal arrangement in which a conservator is appointed to manage the care and finances of someone who is unable to do so for themselves. The conservator can be a family member or a professional such as a lawyer or financial advisor. In South Carolina, a conservator is appointed when a court determines that another person, such as a minor, elderly person, or someone with a disability, is incapable of managing their own finances or health care. This determination is usually based on medical or psychological evaluations. The conservator is responsible for determining the best interests of the individual and making decisions as a surrogate for the individual. The conservator is responsible for ensuring that the individual’s needs are met and managing the person’s financial affairs and healthcare decisions. The conservator is also responsible for ensuring that the individual’s assets are managed wisely and that his or her finances are monitored carefully. In South Carolina, a conservator must be approved by the court system and follow a set of guidelines and regulations. The conservator must also file a report to the court annually, outlining the actions they have taken to ensure the best possible care of the individual.

Related FAQs

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