(a) The court may appoint a conservator if the allegations of the petition as to the status of the proposed ward and the necessity for the appointment of a conservator are proved by a preponderance of the evidence.
(b) The order appointing a conservator shall state the findings of the court, including:
(i) Reasons why the ward is in need of a conservator;
(ii) Appointment of the conservator;
(iii) The duration of the appointment for a specified term or permanent, subject to W.S. 3-3-1101;
(iv) The limited or plenary duties of the conservator.