Conservatorships are similar to guardianships in many respect inducing how they are established and that they exist for to help govern the affairs of a legally incompetent person. However there is one key difference, a conservatorship manages the property or funds of a ward as opposed to the ward personally.  They are sometimes used in conjunction with a guardianship, especially if it is for an adult.  However they can also be used without the necessity of a guardianship being established such as in a case where a child comes into a significant some of money or property.  Conservatorships are often necessary to be utilized to effectuate settlement of a minor child’s injury claim, especially if the child was severely or permanently injured.

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