If the guardian is given responsibility for the ward's finances and the value of assets is under $5000, the guardian's duties are limited to what?

• A. Appointing a conservator.
• B. Administration of assets.
• C. Handling medical decisions.
• D. Making investment decisions beyond administration.

Answer: (B)

When a guardian is named to handle a ward’s finances and the estate is small, the role is limited to administration of assets. This means the guardian’s duties focus on managing and safeguarding the ward’s money and property in straightforward ways: collecting income, paying bills, keeping records, and reporting to the court. They’re not making medical decisions, not appointing other fiduciaries, and not engaging in complex or expansive investment management unless the court specifically grants those powers. With assets under $5000, the scope stays at administering and protecting those assets, which is why that option best fits.