Paralegal Advanced Competency Exam (PACE) Practice Exam

Question: 1 / 555

Which of the following best describes a conservator's responsibilities?

Managing personal relationships of the incompetent person

Making medical decisions on behalf of the individual

Overseeing property and financial affairs

A conservator is appointed by the court to manage the financial affairs and property of an individual who is deemed unable to do so due to incapacity. The core responsibilities of a conservator typically include ensuring that the individual's financial needs are met, managing their assets, paying bills, filing tax returns, and making appropriate financial decisions that are in the best interest of the conserved individual.

While making medical decisions may be part of a guardian's role, conservators primarily focus on financial and property management. Additionally, managing personal relationships is not within the scope of a conservator's duties, and acting as a trustee could imply a broader responsibility than what is typically defined for conservators. Therefore, overseeing property and financial affairs accurately captures the essence of a conservator's responsibilities.

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Acting as a trustee in all matters

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