A6:       In addition to identifying any limitations, the court will specify what type of guardianship or conservatorship is needed.  The following account for the different types of relationships:

• Guardian with control of the ward's assets.  This guardian has control of the ward’s property, money, assets, possessions or income (including social security or other benefits). The guardian’s responsibilities will include an annual report. 
• Guardian with a Court-Approved Budget.  If the guardian has control of the ward’s assets, the court can approve an annual budget, which simplifies the annual reporting process.
• Conservator.  A conservator who has been appointed to oversee the vulnerable adult's financial and property decisions will file a report with the court annually regarding the financial activity the conservator has taken on behalf of the protected person or minor.   
• Both guardian and conservator.  A person who has been appointed both guardian and conservator as described above.
• Guardian without control of the ward's assets.  A guardian whose Letters of Appointment state that the guardian has no authority over the ward’s asses should file an annual report on the ward’s condition.

Neb. Rev. Stat. § 30-2647

Additional information regarding the requirements of different types of guardianships or conservatorships can be found in Question 21.