While it is possible to have a limited conservatorship that restricts some of your parents' legal rights while leaving them with others, these are unusual and would involve an expensive and time-consuming procedure in court. The best approach is to stay in as close touch as possible with your parents in order to avoid their being taken advantage of and to be able to correct any problematic situation quickly. In almost all cases, contracts or agreements can be reversed if you can show that the person signing them did not completely understand them. Threats to report companies to the Better Business Bureau or the state attorney general’s consumer protection department can be very effective.
For more information on guardianship and conservatorship, click here.