True or False: Conservatorships are established for minors while guardianships are for adults.

The statement that conservatorships are established for minors while guardianships are for adults is misleading, which is why the assertion is false.

In legal terms, a conservatorship typically refers to a court-appointed arrangement where an individual is given legal authority to manage the affairs of another adult who is unable to do so due to incapacity, such as due to mental illness, disability, or age-related issues. On the other hand, a guardianship generally pertains to the care and management of minor children, where a guardian is appointed to take responsibility for a child's welfare and make decisions on their behalf.

There are, however, situations where guardianships can be established for adults, particularly in cases involving individuals who are incapacitated and cannot manage their personal matters or finances. Thus, both conservatorships and guardianships can apply to adults but have distinct applications based on the nature of the individual's situation. This nuance leads to the conclusion that the provided statement does not accurately reflect the definitions and applications of both legal concepts.