IPA: /kənˈsɜːrvəˌtɪʃɪp/
KK: /kənˈsɜrvəˌtɪʃɪp/
The legal arrangement where a person or organization is appointed to manage the affairs of someone who is unable to do so themselves, often due to incapacity or disability.
After the accident, a conservatorship was established to manage her finances and healthcare decisions.
Conservatorship → It is formed from "conservator" (from Latin "conservator", meaning keeper or guardian) and "-ship" (meaning the state or condition of). The word "conservatorship" refers to the state of being under the care or guardianship of a conservator.
Think of a 'guardian' ('conservator') who is responsible for someone or something, and '-ship' indicates the condition of being in that role.