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A guardian is someone who has the legal authority to care for another, and a conservator is someone who manages another's financial affairs. The person nominated to serve as conservator in the protected person's most recent durable power of attorney.The spouse of the protected person. There are two ways to nominate a guardian or conservator for oneself. To nominate co-guardians or co-conservators, complete two forms. A conservatorship may be established after a relative, friend, or public official petitions the court for appointment of a conservator. This law represents a change in focus and a whole new approach to guardianship and conservatorship. Conservatorship deals only with the financial affairs of an individual. Any interested person may apply to be guardian or an adult may nominate a guardian through a durable power of attorney. At the court hearing, full due process rights are accorded to the respondent — the person for whom a guardian or conservator is being sought.