Word of the Week (1)

Word: conservatorship

Definition: OTAC
A legal process in which an adult is appointed by the Court to make financial decisions for another person who is determined to be financially incapable to make these decisions. A Conservator may be appointed when it is determined that the protected person has money or property that requires management or protection.

or

Wikipedia:
is an entity established by court order or regulatory authority, in the case of business enterprises, that some property, person or entity be subject to the legal control of another person or entity, known as a conservator.

Where: New York Times
"While no lawmaker has yet offered a specific proposal on how to reshape the companies, this camp in general favors restoring them to health and then returning them to the way they were before they went into conservatorship, but with safeguards to prevent another crisis."

Sentence:
Due to Tom's vegetative state his wife Samantha has assumed full conservatorship duties until he has come out of his coma.