Watching a parent’s mental and/or physical deterioration is heart-wrenching. If you have a parent who has become incapacitated, as a result of Alzheimer’s or simply the natural aging process, seeking conservatorship may be your only option if you wish to keep your parent and his/her assets safe. A conservatorship is a relationship established by a court of law between the person who needs help, referred to as the “ward,” and the person or entity named by the court to help the ward, known as the “conservator.” Considered the option of last resort, court’s don’t like to order a conservatorship unless it is absolutely necessary because it is the most restrictive option. To prevent putting your kids in the position where they have to consider petitioning for conservatorship over you when you get older, you should incorporate an incapacity planning component into your estate plan now.
Home » FAQ » INCAPACITY PLANNING » What can I do if a parent becomes incapacitated and they didn’t plan ahead?