Here is the statute that applies. It appears that an adoption only terminates the guardianship based on this form. What this means is that adoption only coveys to the adoptive parent the right to make personal decisions for the protected person about such things as where to live, medical decisions, training and education, etc. The conservatorship, on the other hand, allows you to also make financial decisions for the protected person. If you want that terminated, you may have to apply on grounds that the minor has reached the age of adulthood; when this happens. This is why the form does not allow it automatically since there could have been someone other than yourself appointed as the conservator at the time you apply for adoption.
I did not find a NB statute that specifically speaks to what you asked for.
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