Conservatorship:
A conservatorship is a legally established entity which is formed by the Court to allow another individual to manage the personal and financial affairs of an adult who is physically or mentally unable to take care of themself. The Court maintains supervision of the conservatorship to make sure the conservatee is well taken care of.
A conservator is an individual you nominate in advance to handle your personal needs should you become incompetent and unable to make decisions for your personal care. The conservator will need to petition the Court to obtain Letters of Conservatorship which allows them to make decisions for your medical and financial needs. They will make decisions as to where you will live, what medical treatment you will receive, and take care of safeguarding your finances by paying your bills and making sure that no one takes advantage of you.