Unfortunately, as we get older the odds that we may become mentally or physically incapacitated rise. Unless this has happened to a close friend or family member, you will not understand how difficult it is for family and friends to handle your financial and personal affairs.
Where no power of attorney is in place, often a family member or friend will be forced to seek court appointment of a conservator or guardian. The person thus appointed can act for you just as if they had a power of attorney. A CONSERVATOR will have control over your financial affairs, while a GUARDIAN will have control over your personal affairs. Thus, it is usually necessary to seek appointment of both a guardian and a conservator in order to deal with all the problems posed by incapacity.