A conservator is appointed by a court to take care of affairs for another person. The second person may be mentally or physically disabled and unable to manage their assets on their own. Among many other things, the duties of the conservator may include buying or selling real estate in the best interests of the conservatee. The conservator may also manage rental property. The conservator must make reports to the court. The court examines the reports and monitors the actions of the conservator. In some instances a conservatorship may be temporary and end when the conservatee recovers. In other cases, the conservatorship may be permanent until the death of the conservatee. Generally, a conservator is only appointed by the court if the conservatee has assets that need to be managed.