Definition - What does Conservatorship mean?
The term conservatorship refers to a legal arrangement by the court, usually in the form of a court order issued to an adult, which holds them responsible for another adult’s financial matters.
Justipedia explains Conservatorship
The court appoints an adult as a guardian or a protector of another person (adult) who is disabled, either mentally or physically, and is not able to take care of their financial affairs. This legal arrangement may only be related to managing finances, but in some cases may also include other things like living arrangements and healthcare.