Click buttons for the Answers 9.  Tell me a little more about the rights you actually lose if you are declared incompetent or incapacitated in court. Simply put, you are reduced to the legal status of an unemancipated child.  You are no longer considered to be an independent adult. If a conservator or guardian is appointed to control your personal affairs, that person will decide where you will live, what you will eat, what you will wear and read.  No mail--including dividends, social security checks, bills and personal correspondence--will come to you.  Your conservator or guardian will determine your medical or psychiatric care (and you cannot refuse).  You may lose your right to vote, to drive, to divorce or remarry, or to make a new will.  In some states, you may be placed in a nursing home or board and care facility regardless of where YOU want to live. If conservator or guardian is appointed to make decisions concerning your property and finances, you will immediately lose all rights to manage your money, your property, your business and your investments. You will not be permitted to make gifts or lend or borrow money, and you will not be permitted to spend your money "frivolously." You will be put on an allowance. What is more, you will not be allowed to make contracts, which means that you cannot hire an attorney to try to overturn your unwanted conservatorship or guardianship.