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Real estate or ownership interest in a business entity is excluded from your responsibilities in your acceptance of appointment. Application for Appointment of Conservator (20.0).When a minor owns money or property that requires management or protection, a Petition may be filed requesting the Court to appoint a conservator. By accepting appointment as guardian and conservator you have subjected yourself to the power and supervision of the Court. This form explains to them the process of conservatorship and outlines their rights. Step Two: Once you have received confirmation from MiFILE that the Court has accepted your petition please complete the following forms. If you or another party wish to be appointed the conservator for a minor, the Petition for Appointment of Conservator needs to be completed. All new conservators should complete the training program within 30 days of appointment. Probate Court forms concerning conservatorships are available in. It also has a step-by-step guide to limited conservatorships.