'That word' (below-hyperlinked to Legal Beagle's explanation of the difference) is built on an even-deeper source ... something crucial that firms the foundation upon which our lexicon stands ...
The word “Guardianship” is the suffix -#ship on the word #Guardian.
The word "Guardian" is built on ancient words that mean "one who |Guards" (the |Keeper, |Custodian).
The suffix "-ship" is built on ancient words that mean "to Cut, |Scrape, |Hack" (see |Shape).
The word "Ship" is built on ancient words that mean "to |Split (see Schizo-)" (as one would |Embark or Set |Sail in a |Hollowed-Out Tree).
Different states define the terms "Guardian" & "Conservator." Legal Beagle's general description (plus my personal experience—currently living under a guardianship due to my unpredictable mental-state (post-'Traumatic Brain-Injury')) tells me that a Conservatorship is like 'Guardianship Lite' (the conservatee is basically unable to sign contracts, but their Conservator is not responsible for the things a Guardian would be responsible-for).
I'm not sure about the terms of Britney's conservatorship.
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I appreciate your comment, and I'll probably approve it & publish it soon (give me about a week before you try to post it again when it doesn't publish immediately ... thanks)