What legal term describes a person who has been designated to manage someone else's affairs?

Study for the Arizona Fiduciary License Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The term that describes a person who has been designated to manage someone else's affairs is conservator. A conservator is specifically appointed to oversee an individual's financial or personal matters when that individual is unable to do so due to a variety of reasons, such as incapacity or disability. This designation typically occurs through a legal process, where the court determines that the individual requires assistance to manage their affairs responsibly.

While a guardian might also manage affairs, their role is generally more focused on personal welfare, particularly for minors or individuals lacking the capacity to make decisions about their personal well-being. A trustee, on the other hand, is responsible for managing trust assets on behalf of beneficiaries, which is a different legal role entirely. An executor is tasked with carrying out the provisions of a will after someone has passed away, which does not encompass managing affairs during a person’s lifetime. Thus, conservator is the most precise term for managing another's affairs under the circumstances described.

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