When an elderly person is senile and/or physically unable to handle his/her own finances and other affairs, a close relative, such as a son or daughter, may petition a court to
A)create an inter-vivos trust with the elderly person as beneficiary.
B)declare a conservatorship with the elderly person as conservatee.
C)declare the elderly person legally insane, and then creates a living will
D)make an assignment of all assets to the closest relatives in exchange for their agreement to care for the elderly person until death.

Question

When an elderly person is senile and/or physically unable to handle his/her own finances and other affairs, a close relative, such as a son or daughter, may petition a court to​
A)create an inter-vivos trust with the elderly person as beneficiary.
B)declare a conservatorship with the elderly person as conservatee.
C)declare the elderly person legally insane, and then creates a living will
D)make an assignment of all assets to the closest relatives in exchange for their agreement to care for the elderly person until death.

Quizplus · Accepted Answer

A conservatorship is a legal concept where a court appoints an individual or organization (the conservator) to manage the financial and personal affairs of another (the conservatee) due to physical or mental limitations. This is the appropriate legal mechanism for handling the affairs of an elderly person who is unable to manage their own finances or personal matters.

When an Elderly Person Is Senile And/or Physically Unable to Handle