Adding power of attorney to a person is a risk many individuals would prefer not to take. No matter how certain you are of somebody, you will find unfortunate instances where somebody whose given the power of attorney abuses that place of power. The sad truth is that you can’t ever be sure, which is the significant difficulty of appointing somebody to act on your behalf with power of attorney. 
Power of Attorney
By accepting power of attorney, you’re giving someone permission on your behalf. Everything which you can say, do, either register or authorize; they can. That is precisely what makes it too insecure. Today, many people attempt to prevent it by squirreling money from an offshore account. A guardian or conservator almost always favors a power of attorney. It doesn’t cost quite as much, and it permits you to select who will become your agent. Suppose you don’t own a power attorney and you become seriously ill. In that case, your nearest and dearest will probably have to confront costly and time-consuming court proceedings to take care of your affairs.
Guardianship and Conservatorship
Guardianship is a legal relationship in which the court gives a person the ability to make personal decisions on your behalf. The guardian must report yearly to the court. A conservator is a legal relationship where the probate court provides an individual the capacity to make financial decisions for a second.
The court proceeding is much like guardianship except that the court is deciding whether the individual can handle their financial affairs. A conservator can also be required to submit a yearly accounting documenting all the earnings and expenses incurred every year. A surety bond is frequently needed by the court to safeguard against the conservator participating in improper usage of the individual’s assets.