Wendy Hoey Sheinberg, of Rivkin Radler LLP, has written an article published in JDSUPRA, “Conservatorships And Guardianships: They’re Not Just For Pop Icons,” which discusses what guardianships entail and how proper planning can help individuals avoid needing one. Written in the context of recent news surrounding the conservatorship of Britney Spears, the article’s abstract is as follows:
According to recent reports, the conservatorship remains in place and Ms. Spears does not want her father to continue as her co-conservator. Recently, she asked the court to replace her father with the professional fiduciary who was appointed in 2019. A hearing was held February 11, 2021, where the judge decided that, for the time being, Ms. Spears’ father and the professional fiduciary would share conservator duties. Additional court dates are scheduled for March and April.
While New York no longer appoints conservators, in 1993 the state replaced its conservator statute with a guardianship statute, which can be a very useful tool. It provides for the appointment of a guardian to make decisions on behalf of someone unable to do so for him or herself. With proper planning, however, a guardianship may be avoided.
To see the full article, click here: “Conservatorships And Guardianships: They’re Not Just For Pop Icons”
Posted by Elise Kim, Managing Associate Editor, Wealth Strategies Journal.