What is a Ward? — a Protected Person? — a Guardian? — a Conservator? — a Testator? — a Personal Representative? — a Fiduciary?
Last Updated on August 22, 2022 by Paul Dunn
Some of the various fiduciary designations used in legal proceedings are:
- Fiduciary – a generic term describing an individual or institution under an obligation to act in the best interest of another party. §14-10002 of the Arizona Revised Statutes reads, “′Fiduciary′ means a personal representative, trustee, agent acting under a power of attorney, or other person authorized to act as a fiduciary with respect to the property of another person.”
- Ward – an individual who has been declared incapacitated by a court
- Protected Person – an individual who is not declared incapacitated but needs assistance
- Guardian – an individual or institution responsible for the well-being, medical, and personal decisions of a ward or protected person
- Conservator – an individual or institution responsible for the assets of a ward or protected person
- Testator – an individual who makes a Will
- Personal Representative – an individual or institution responsible for handling the assets of a deceased individual
