(a) The court, upon petition therefor, may waive the requirement that accountings be filed or may permit accountings to be filed less frequently than annually if it determines that the expense involved or burden placed on the conservator in preparing and presenting annual accountings outweighs the benefit and protection afforded thereby to the protected person.
(b) In determining whether accountings may be waived or filed less frequently than annually, the court shall consider:
(1) The relationship of the conservator to the protected person;