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732 N. Diamond Bar Blvd., Ste. 210,How are conservatorships created and why are they beneficial? A court has the authority to appoint an individual or an organization as a "conservator" to manage a person, a person's estate or sometimes both. This appointment occurs when the person is unable to care for themself or manage their own financial affairs. The cared for person is known as the "conservatee." Generally, the conservatee is seriously incapacitated. He or she may be in a coma or suffering from the effects of a tragic accident or more typically, suffering with a serious illness such as Alzheimer's or simply age-related
Estate Planning is a process which gives you control over who will inherit your assets after your death. Typically it includes a trust, a power of attorney, an advance directive, and a will–although everybody’s needs are different. It includes a legal document known as a will. There is much to be considered with an estate plan. For instance: Who will make the decisions for your healthcare and finances if you are rendered unable to care for yourself?