Conservatorship
A circumstance in which the court declares an individual unable to take care of legal matters and appoints another individual, known as a conservator, to do so. Investopedia Says:
This is sometimes referred to as "LPS Conservatorship". The LPS stands for Lanterman, Petris and Short - the three senators who passed California's mental health conservatorship laws. Related Terms:
Escrow Agreement
Guardian
Power of Attorney |