The conservator is responsible for managing the child's assets, such as investing the funds, paying bills, and making financial decisions on behalf of the child. The conservator must also file regular reports with the court to document the management of the assets and seek court approval for major financial transactions. It is important to note that a minor conservatorship only deals with the child's financial affairs and does not affect the child's personal or medical decisions, which are typically handled by the child's parents or legal guardians.