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Being a guardian or conservator is a long-term commitment. It lasts for the rest of the ward's life, unless the court appoints someone else to take your place.When a minor child is involved, it is generally called a guardianship. When an adult needs someone, it is called a conservatorship. In some states the standards are different, depending on whether a complete guardianship or a conservatorship over finances only is being sought. Generally, guardians have control over the everyday decisions and care of a minor. A courtappointed guardian manages a ward's basic daily living needs, while a conservator is in charge of a ward's financial affairs. The guide has information on how to set up a conservatorship, but you must consider other less restrictive options first. Typically, you ask for a fee waiver when you file papers to start a guardianship or conservatorship case and have to pay your first filing fee. Conservatorship is the arrangement where one adult is appointed to manage the affairs of another adult who is unable to care for themselves.