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A conservator is a guardian, preserver, receiver or protector appointed by a court to manage and administer a person’s assets as the legal owner is incapable of doing it himself.
Saying that, one does not need to be suffering from disability, whether temporary or permanent, to have a conservator legally appointed.
Such arrangements of conservatorship does not prevent the person from entering into contracts.
The conservator would also be able to sell a property as long as the court approves of it.
While there are various obvious similarities between conservatorship and power of attorney, there is a key difference between the two.
The latter is an arrangement by the owner in an able capacity before his or her incapacity to manage assets.
The former is ordered by a court upon petition that an individual is no longer competent to manage his or her assets.