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A conservator must be appointed to protect property and business affairs of a person in need of protection. A guardian is someone who has the legal authority to care for another, and a conservator is someone who manages another's financial affairs.A guardian is someone who has the legal authority to care for another, and a conservator is someone who manages another's financial affairs. Complete the court forms, following all of the steps in these instructions. Most of them don't require asking a court to appoint another person to act or make decisions for the person who needs help (called a conservatorship). A full guardian has more powers than a conservator because the conservator only manages the financial affairs for another person. An attorney can fully explain the probate procedures. What is the difference between Public and Private Guardians or Conservators? Guardians and conservators must exercise their powers in the best interest of the ward or protected person. A Conservator may be appointed for an adult who is unable to manage their money or property.