CPG Roles and Responsibilities 2

Question 1

When a guardian of property discovers that a ward's investment portfolio has significantly declined due to market conditions, what is the guardian's primary obligation?

Accepted Answer

Document the decline and consult a financial advisor to act in the ward's best interest

Answer

Guardians of property must manage assets prudently, which includes consulting financial professionals and documenting decisions when market conditions affect the ward's portfolio.

Question 2

A professional guardian learns that a ward's family member is pressuring the ward to change a long-standing living arrangement. What should the guardian do first?

Accepted Answer

Assess the ward's expressed wishes and best interests before taking action

Answer

The guardian must first evaluate the ward's own preferences and what genuinely serves their best interests before responding to third-party pressure.

Question 3

Which document must a guardian typically file with the court on a regular basis to demonstrate accountability for the ward's care?

Accepted Answer

A periodic report or annual accounting

Answer

Courts require guardians to file periodic reports and/or accountings to ensure ongoing oversight and accountability for the ward's wellbeing and finances.

Question 4

A ward who has been under guardianship for two years shows significant cognitive improvement. What is the guardian's ethical responsibility?

Accepted Answer

Petition the court to review and potentially modify or terminate the guardianship

Answer

Guardians have an ethical duty to seek the least restrictive arrangement, which includes petitioning for modification or termination if the ward's capacity improves.

Question 5

A professional guardian serves as guardian for a ward who owns a small business. The guardian has an opportunity to purchase supplies from that business. This situation represents a potential:

Accepted Answer

Conflict of interest requiring court approval or avoidance

Answer

Self-dealing or transactions that benefit the guardian personally create conflicts of interest that must be avoided or disclosed and approved by the court.

(CPG) Certified Professional Guardian Practice Test

(CPG) Certified Professional Guardian Practice Test

CPG Roles and Responsibilities 2