Designating an attorney-in-fact can require the utmost caution to keep a person’s finances protected. Allotting the power of attorney can be both fulfilling and beneficial by giving individuals peace in knowing that their finances are being utilized for the exact purposes they wish. Unfortunately, some individuals seek to find ways to access and misuse the funds.
Conservatorships are sometimes necessary to safeguard the interests of a family member who no longer has the capacity to make their own financial or medical decisions. When there is no power of attorney in place, or a power of attorney is not being honored, a conservatorship may be in order.