Guardians and conservators are words that do not always have to go together.  A guardian and conservator do not have to be the same entity or person. A trust can appoint guardians and conservators. The trust may be independent or may exist courtesy of a will or a court proceeding.

A court proceeding can set up a trust because the person is elderly and cannot handle their care, the person is young and has lost his or her parents, or he or she does not have anyone looking out for them. According to the New York Times, a guardian and a conservator can be a person or an institution. When it is a person, the person who is the guardian is responsible for the ward. The ward is either the disabled person, elderly person or the juvenile. The guardian is responsible for their housing, their medical care, their clothing, their food, their education and transportation and their everyday functions. They are responsible for providing it, overseeing it, keeping them safe and making decisions.

According to LawHelp, a conservator could be a bank trust, trust company or a person. The conservator is in charge of education funding, health care funding, housing funding, food and giving them an allowance.  When the court sets up the conservator, the court is going to decide, according to the rules in that jurisdiction, who is going to serve as the guardian and conservator. The court is going to determine who is going to be in charge of the funds. The funds may be a trust fund, and the trustee may no longer be available to serve, or there were no suitable substitutes.