NATIONAL GUARDIANSHIP ASSOCIATION TERMINOLOGY, NATIONAL
GUARDIANSHIP ASSOCIATION EXAMINATION QUESTIONS AND
ANSWERS UPDATED 2025/2026 ALL ANSWERS GET IT 100% CORRECT
VERIFIED BEST GRADED A+ FOR SUCCESS
Petition - CORRECT ANSWERS A formal, written request presented to a court or other
official body. (Black's) For example, relative to
guardianship, the document filed to initiate the process for adjudication of disability and
appointment of a
guardian.
Physician's Report - CORRECT ANSWERS A report required, in some states, in
relationship to a guardianship proceeding, which substantiates the
need for a substitute decision maker. Also Examining Committee Report.
Prudent Person - CORRECT ANSWERS A person who acts cautiously in the handling of
assets. See Prudent Person Rule.
Prudent Person Rule - CORRECT ANSWERS An investment standard that considers the
reasonableness of an investment based on whether a prudent
person of discretion and intelligence, who is seeking reasonable income and preservation of
capital,
would make that investment.
Prudent Investor Rule - CORRECT ANSWERS All investments must be considered as part
of an overall portfolio rather than individually. No investment
is inherently imprudent or prudent. The rule recognizes that certain nontraditional investment
vehicles
may actually be prudent and the guardian who does not use risk-reducing strategies may be
penalized.
Under most circumstances, the ward's assets must be diversified. The guardian is obligated to
spread
,NATIONAL GUARDIANSHIP ASSOCIATION TERMINOLOGY, NATIONAL
GUARDIANSHIP ASSOCIATION EXAMINATION QUESTIONS AND
ANSWERS UPDATED 2025/2026 ALL ANSWERS GET IT 100% CORRECT
VERIFIED BEST GRADED A+ FOR SUCCESS
portfolio investments across asset classes and potentially across global markets to both
enhance
performance and reduce risk. The possible effects of inflation must be considered as part of the
investment strategy. The guardian shall either demonstrate investment skill in managing assets
or shall
delegate investment management to another qualified party.
Psychotropic Medications - CORRECT ANSWERS Any medication prescribed for the
management of behavior.
Representative Payee - CORRECT ANSWERS An individual, agency, or organization
named by a governmental agency to receive government benefits
on behalf of, and for the benefit of, the beneficiary entitled to such benefits.
Self-determination - CORRECT ANSWERS A doctrine that states the actions of a person
are determined by that person. It is free choice of one's acts
without external force.
Social Services - CORRECT ANSWERS Services provided to meet social needs, including
provisions for public benefits, case management,
money management services, adult protective services, companion services, and other similar
services.
Substituted Judgment - CORRECT ANSWERS The principle of decision-making which
requires implementation of the course of action which comports
with the individual ward's or beneficiary's known wishes expressed prior to the appointment of
the
, NATIONAL GUARDIANSHIP ASSOCIATION TERMINOLOGY, NATIONAL
GUARDIANSHIP ASSOCIATION EXAMINATION QUESTIONS AND
ANSWERS UPDATED 2025/2026 ALL ANSWERS GET IT 100% CORRECT
VERIFIED BEST GRADED A+ FOR SUCCESS
guardian or representative payee, provided the individual was once capable of developing
views relevant
to the matter at issue and reliable evidence of these views remains. Current opinions and
desires of the
ward or beneficiary shall be examined and are relevant to a determination of the ward's or
beneficiary's
views prior to appointment of the guardian or representative payee.
Sui Juris - CORRECT ANSWERS Of full age and capacity; possessing full social and civil
rights
Surety Bond - CORRECT ANSWERS Obligation of a guarantor to pay a second party
upon default by a third party in the performance
the third party owes to the second party.
Trustee - CORRECT ANSWERS One who, having legal title to property, holds it in trust
for the benefit of another and owes a fiduciary duty
to that beneficiary. Generally a trustee's duties are to convert to cash all debts and securities
that are not
qualified legal investments, to re-invest the cash in proper securities, to protect and preserve
the trust
property, and to ensure that it is employed solely for the beneficiary in accordance with the
directions
contained in the trust instrument.
Ward - CORRECT ANSWERS A person for whom a guardian has been appointed.
Synonyms include Conservatee, disabled person,
protected person, and incapacitated person.
GUARDIANSHIP ASSOCIATION EXAMINATION QUESTIONS AND
ANSWERS UPDATED 2025/2026 ALL ANSWERS GET IT 100% CORRECT
VERIFIED BEST GRADED A+ FOR SUCCESS
Petition - CORRECT ANSWERS A formal, written request presented to a court or other
official body. (Black's) For example, relative to
guardianship, the document filed to initiate the process for adjudication of disability and
appointment of a
guardian.
Physician's Report - CORRECT ANSWERS A report required, in some states, in
relationship to a guardianship proceeding, which substantiates the
need for a substitute decision maker. Also Examining Committee Report.
Prudent Person - CORRECT ANSWERS A person who acts cautiously in the handling of
assets. See Prudent Person Rule.
Prudent Person Rule - CORRECT ANSWERS An investment standard that considers the
reasonableness of an investment based on whether a prudent
person of discretion and intelligence, who is seeking reasonable income and preservation of
capital,
would make that investment.
Prudent Investor Rule - CORRECT ANSWERS All investments must be considered as part
of an overall portfolio rather than individually. No investment
is inherently imprudent or prudent. The rule recognizes that certain nontraditional investment
vehicles
may actually be prudent and the guardian who does not use risk-reducing strategies may be
penalized.
Under most circumstances, the ward's assets must be diversified. The guardian is obligated to
spread
,NATIONAL GUARDIANSHIP ASSOCIATION TERMINOLOGY, NATIONAL
GUARDIANSHIP ASSOCIATION EXAMINATION QUESTIONS AND
ANSWERS UPDATED 2025/2026 ALL ANSWERS GET IT 100% CORRECT
VERIFIED BEST GRADED A+ FOR SUCCESS
portfolio investments across asset classes and potentially across global markets to both
enhance
performance and reduce risk. The possible effects of inflation must be considered as part of the
investment strategy. The guardian shall either demonstrate investment skill in managing assets
or shall
delegate investment management to another qualified party.
Psychotropic Medications - CORRECT ANSWERS Any medication prescribed for the
management of behavior.
Representative Payee - CORRECT ANSWERS An individual, agency, or organization
named by a governmental agency to receive government benefits
on behalf of, and for the benefit of, the beneficiary entitled to such benefits.
Self-determination - CORRECT ANSWERS A doctrine that states the actions of a person
are determined by that person. It is free choice of one's acts
without external force.
Social Services - CORRECT ANSWERS Services provided to meet social needs, including
provisions for public benefits, case management,
money management services, adult protective services, companion services, and other similar
services.
Substituted Judgment - CORRECT ANSWERS The principle of decision-making which
requires implementation of the course of action which comports
with the individual ward's or beneficiary's known wishes expressed prior to the appointment of
the
, NATIONAL GUARDIANSHIP ASSOCIATION TERMINOLOGY, NATIONAL
GUARDIANSHIP ASSOCIATION EXAMINATION QUESTIONS AND
ANSWERS UPDATED 2025/2026 ALL ANSWERS GET IT 100% CORRECT
VERIFIED BEST GRADED A+ FOR SUCCESS
guardian or representative payee, provided the individual was once capable of developing
views relevant
to the matter at issue and reliable evidence of these views remains. Current opinions and
desires of the
ward or beneficiary shall be examined and are relevant to a determination of the ward's or
beneficiary's
views prior to appointment of the guardian or representative payee.
Sui Juris - CORRECT ANSWERS Of full age and capacity; possessing full social and civil
rights
Surety Bond - CORRECT ANSWERS Obligation of a guarantor to pay a second party
upon default by a third party in the performance
the third party owes to the second party.
Trustee - CORRECT ANSWERS One who, having legal title to property, holds it in trust
for the benefit of another and owes a fiduciary duty
to that beneficiary. Generally a trustee's duties are to convert to cash all debts and securities
that are not
qualified legal investments, to re-invest the cash in proper securities, to protect and preserve
the trust
property, and to ensure that it is employed solely for the beneficiary in accordance with the
directions
contained in the trust instrument.
Ward - CORRECT ANSWERS A person for whom a guardian has been appointed.
Synonyms include Conservatee, disabled person,
protected person, and incapacitated person.
