What’s the difference between a Guardian, Conservator, and Fiduciary?

Guardianship, or conservatorship, is a legal process used when a person has been deemed incapacitated by the court, and can no longer make and/or communicate safe, sound decisions about their livelihood and/or their property. When this happens, a legal guardian - someone who has the legal authority, often appointed by the court - helps make decisions relevant to the personal and property interests on behalf of those individuals.

Guardians are assigned to support the individual.

Conservators are assigned to support the assets.

Fiduciary is the umbrella term used for these services, of which Laurel provides both.

What is a Fiduciary?

A Fiduciary is someone who serves in a trusted position, legally and/or ethically, to make decisions for the financial benefit or physical health of another. Typically, fiduciaries manage money or other assets for a person who may be unable to on their own.

What are the benefits of hiring a Guardian?

A court-appointed guardian’s responsibility is to take the pressure and responsibility of care for an incapacitated individual (someone who is unable to make or communicate decisions about their basic physical health and safety) off of the family’s shoulders. They are an objective, legal, third party resource there to make sure the needs of the individual are met, so they can live the best quality of life possible. Because of this service, families are able to have less stress and conflict as well as enjoy their time with their loved ones.

How much do your services cost?

The cost for court-appointed guardianship varies depending on the year, amount of assets, county residing in, and services required. The required initial legal fees typically cost $800-$1200, followed by any clerical and hourly rates. All fees are approved annually by the court, meaning all bills and services rendered must be seen and approved by the designated judge.