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COVID-19 NOTICE:

After careful review of the COVID-19 environment, the law firm of Chayet & Danzo, LLC, will be conducting in-person appointments in our offices on a limited basis and with strict social distancing protocols.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m. Monday – Thursday and 8:00 a.m. to 4:00 p.m. on Fridays.

This decision to have limited appointments in-office while following strict social distancing protocols is in the best interest and health of our team, clients and community.

We will continue accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

Compassion, talent and dedication:
guiding colorado families and Their Trusted Advisors During Times of Need

What is a conservatorship and how does it work?

| Nov 4, 2015 | Guardianships & Conservatorships |

A few weeks ago, we wrote about guardianships and how they play into a person’s later years and, indeed, their estate. There is also something called a “conservatorship” which functions in practically the same way as a guardianship. Depending on which state you live in, the duties and function of these two legal processes could be the same, or just slightly different.

There are two types of conservatorships. One is called the “conservatorship of the estate,” and the other is called the “conservatorship of the person.” In both cases, the conservatorship takes responsibilities away from the “conservatee” (i.e. the person who’s estate or life is in question) and given to the “conservator.” In both cases, a court will appoint the conservator.

In the case of a conservatorship of the estate, a court will determine that the conservatee is “substantially” unable to perform financial duties relating to his or her situation without fraud or undue influence becoming involved. Under this conservatorship, the conservator would gain the responsibility of managing the conservatee’s estate.

In the case of a conservatorship of the person, the situation is very similar. A court will decide that the conservatee is unable to manage his or her personal well-being or health and, as a result, a conservator is needed. The conservator is then responsible for the conservatee’s care and custody.

Depending on the situation and depending on the rules that apply, a conservatorship can actually be a very beneficial process for not only the conservatee but the conservatee’s family.

Source: FindLaw, “Conservatorships,” Accessed Nov. 4, 2015

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