The terms “conservatorship” and “guardianship” are sometimes used interchangeably.
Technically, they refer to two different types of care. In a guardianship, the party who provides the care is known as the guardian and the recipient of the care is known as the ward. A guardian makes personal decisions for the ward. With a conservatorship, the party providing the care is known as the conservator and the one who receives the care is the protected person. A conservator makes financial choices for his or her protected person.
An easy way to remember the difference between a guardian and a conservator is this: a guardian manages a person’s care, while a conservator manages his or her estate’s care. A few of the responsibilities a conservator may have include: