Legal guardianships and conservatorships are both legal processes that give one person or sometimes multiple people, the authority to make decisions on behalf of another individual. These processes can arise in various situations, such as when a child’s parents are deceased or unable to care for them, or when an elderly person becomes incapacitated and unable to manage their own affairs.

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While similar, there is a difference between conservatorship and guardianship. Conservatorships typically deal with financial matters, such as managing the individual’s assets, paying bills, and handling investments. Guardianships, on the other hand, involve the care and well-being of the individual, such as making decisions about living arrangements, medical care, and education.…