When your parent or loved one begins to struggle with everyday finances or is struggling to pay bills, has been the victim of financial exploitation, or is showing signs of cognitive impairment that are interfering with his or her ability to manage finances, it may be time to consider a conservatorship.

What is a Conservator?

A conservatorship must be established through the courts. A conservator is appointed to manage and protect the financial interests of those who are unable to manage and protect them on their own. Individuals who have become incapacitated, are being exploited, or who are otherwise unable to make financial decisions on their own and who have not established a power of attorney, or POA, may require a conservator.

What are the Responsibilities of a Conservator?

The responsibilities of a conservator may include, but are not limited to:

• Ensuring the conservatee is receiving all the benefits and income to which he or she is entitled
• Ensuring bills are paid and taxes are filed in a timely manner
• Advocating for the financial rights of the conservatee
• Insuring property as needed and maintaining confidentiality
• Fulfilling any other responsibilities as granted by the court

Who may Serve as a Conservator?

A spouse, partner, adult child, sibling, or other family member or friend may take on a conservatorship, but a loved one may not always be available, able, or willing to take on these added responsibilities. Decades, LLC has often been appointed conservator or guardian for those who are no longer able to make decisions for themselves. We specialize in helping older adults meet both short-term and long-term financial goals and coordinate our efforts with trust and estate advisors so that we can ensure the best possible decisions are made for each client’s unique situation.

How can Decades, LLC Help?

Decades, LLC of Albuquerque and Santa Fe is a knowledgeable resource for families facing the often-complex financial, legal, or health care decisions associated with aging. We take our role seriously and focus on minimizing the stresses that can accompany the changing roles in an individual’s life during these times. Our goal is to help our clients maintain their dignity, integrity, humanity, and personhood as we help protect and manage their finances.

For an immediate evaluation or consultation or to learn more about how Decades, LLC can help you and your family meet the challenges of aging, contact us in Albuquerque, NM at 505-345-5529 or in Santa Fe, NM at 505-983-7787.