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Many have heard of conservatorships recently by way of Britney Spears or the Golden Globe winning Netflix film, “I Care a Lot.” But the concept of a conservatorship--or guardianship--dates to Roman times.
Today, conservatorships are when another person is court-appointed to help someone who cannot take care of themselves. It’s a powerful position. When a conservator is appointed, they gain control over another person’s life - what they eat, who they see, where they live, what medical care they receive -all while handling their money and assets.
As the baby boomer generation ages, conservatorships are becoming more common for one of our most vulnerable demographics: our elderly. And while many conservatorships do help those who need it, our year-long investigation found a system that controls a massive amount of other people’s money - just under $13 billion in California alone -- as well as personal freedom, with little oversight from state regulators, opening the door to potential financial, physical and emotional abuse.
Conservatorships in California: Everything you need to know: www.abc10.com/...
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