What is the difference between guardianship and conservatorship?

Guardianship and conservatorship in Nevada are two legal concepts that involve a person or institution taking charge of financial and other matters on behalf of another person who can’t manage them on their own. The court typically appoints a responsible party to assist with matters such as providing a safe, stable home and taking care of the person’s daily needs. Guardianship is often used when an adult with limited mental capacity is no longer able to make decisions for himself or herself and needs to be taken care of by someone else. A guardian will have decision-making authority over matters such as medical, educational, and employment decisions. A conservatorship is also appointed by the court but is used when an adult is not able to manage their financial or legal affairs. The conservator will have the power to take control of the person’s assets and manage them in the best interest of the incapacitated person. In Nevada, it is possible for the court to appoint a guardian and conservator at the same time. Both guardians and conservators are appointed to protect an incapacitated person’s rights, assets, and well-being. In some cases, the same person can serve as both the guardian and the conservator.

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