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"Homesteading" is not quite the right word to use in this context, though the analysis is correct. A better legal analogy might be a "constructive trust"--as is the case with someone who unilaterally steps in to take care of property of an absentee owner, someone who unilaterally assumes the role of guardianship/conservatorship does not become the full owner of a dependent person they are caring for, using and disposing of their charge as they please, but rather someone who voluntarily takes on a positive obligation of preserving intact a living equivalent of a trust estate so that it can be delivered to its rightful owner should that person gain/regain their capacity for independent action.

As a trustee, one can exclude everyone except the beneficiary from use and disposal of the estate. However, once someone subsequently declines the responsibilities associated with delivering the estate intact to its beneficiary, they can no longer exercise this power of exclusion against third parties. The analogy of a guardianship to a constructive trust suggests that someone who is willing to undertake the expense of preserving another's life does indeed take priority over someone who unilaterally wants to pull the plug.

Under libertarian principles, nobody can be coerced into keeping another alive (or taking care of another's property in their absence, etc.), but libertarianism poses no obstacles to someone who volunteers to do so, subject to the volunteer doing no permanent harm that would prevent the rightful owner from resuming the exclusive use and disposition of oneself and one's property.

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