What is an LPS conservatorship? A Lanterman-Petris-Short Act conservatorship, commonly known as an LPS conservatorship, is a type of conservatorship for individuals sadly suffering from psychotropic problems. These problems can include bi-polar disorder, psycho-effective disorder, psychosis, or other neurological diseases.
Although wills and trusts are both estate planning tools that allow for the protection of assets and the ability to bequeath said assets to heirs, the difference is when that protection kicks in.
What is an LPS conservatorship? A Lanterman-Petris-Short Act conservatorship, commonly known as an LPS conservatorship, is a type of conservatorship for individuals sadly suffering from psychotropic problems. These problems can include bi-polar disorder, psycho-effective disorder, psychosis, or other neurological diseases.
Although wills and trusts are both estate planning tools that allow for the protection of assets and the ability to bequeath said assets to heirs, the difference is when that protection kicks in.
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