Fiduciary License AZ Exam Questions
+ Verified Answers 100% correct,
Update 2026
Within how many days is a certificate holder required to notify
division staff of a felony conviction? -
correct answer ✅10 days
A fiduciary was recently appointed as the guardian for a 10-year-old
child who has been diagnosed as autistic. The client was
institutionalized at age three and now resides in a state facility. The
child shows no ability to express his thoughts and displays little
emotion most of the time. What standard should a fiduciary use in
making decisions for the client? -
correct answer ✅Best Interests
An adult daughter has been residing with her father for the past 11
months. The adult daughter coordinated medical care after her
father was diagnosed with cancer. She paid his bills by preparing
checks for his signature. A fiduciary was appointed and
subsequently discovered the daughter used her father's funds to
purchase a new vehicle titled solely in her name. What is the
fiduciary's responsibility in this case? -
correct answer ✅A. Seek a restraining order against the daughter
to prevent her from visiting her father
,Fiduciary License AZ Exam Questions
+ Verified Answers 100% correct,
Update 2026
B. File a petition with the Attorney General and request prosecution
of the daughter C. Have the daughter declared exempt from
inheritance under her father's will
D. Seek recovery and, if necessary, file an action in Superior Court
(Correct D)
During the liquidation of assets, a personal representative places a
classified ad in a local newspaper to sell the jewelry of a decedent.
The personal representative's daughter-in-law responds to the ad
with the intent to purchase the jewelry. How should the fiduciary
handle this situation? -
correct answer ✅A. Decline to sell the jewelry to the daughter-in-
law under any circumstances
B. Suggest the daughter-in-law have a friend purchase the jewelry
for her
C. Wait to see if other interested buyers come forward and, if not,
sell the jewelry
to the daughter-in-law
D. Have the jewelry appraised by an independent appraiser and sell
the jewelry to
the daughter-in-law for the appraised value
, Fiduciary License AZ Exam Questions
+ Verified Answers 100% correct,
Update 2026
(Correct A)
When must you notify division staff of a misdemeanor or felony
conviction? -
correct answer ✅A certificate holder shall notify division staff
within ten days of a misdemeanor or felony conviction.
Change of Name or Address Notification -
correct answer ✅A certificate holder shall notify division staff of
any change in name or business, directory, mailing or home
address, telephone number or email address within 30 days of any
change, pursuant to the applicable sections of the ACJA. The
certificate holder shall make this notice in writing by U.S. Post,
facsimile or email.
Conservator -
correct answer ✅a person who is appointed by a court to manage
the estate of a protected person" as provided in A.R.S. § 14-1201(8)
Department Director -
correct answer ✅Individual appointed by the governor of Arizona
+ Verified Answers 100% correct,
Update 2026
Within how many days is a certificate holder required to notify
division staff of a felony conviction? -
correct answer ✅10 days
A fiduciary was recently appointed as the guardian for a 10-year-old
child who has been diagnosed as autistic. The client was
institutionalized at age three and now resides in a state facility. The
child shows no ability to express his thoughts and displays little
emotion most of the time. What standard should a fiduciary use in
making decisions for the client? -
correct answer ✅Best Interests
An adult daughter has been residing with her father for the past 11
months. The adult daughter coordinated medical care after her
father was diagnosed with cancer. She paid his bills by preparing
checks for his signature. A fiduciary was appointed and
subsequently discovered the daughter used her father's funds to
purchase a new vehicle titled solely in her name. What is the
fiduciary's responsibility in this case? -
correct answer ✅A. Seek a restraining order against the daughter
to prevent her from visiting her father
,Fiduciary License AZ Exam Questions
+ Verified Answers 100% correct,
Update 2026
B. File a petition with the Attorney General and request prosecution
of the daughter C. Have the daughter declared exempt from
inheritance under her father's will
D. Seek recovery and, if necessary, file an action in Superior Court
(Correct D)
During the liquidation of assets, a personal representative places a
classified ad in a local newspaper to sell the jewelry of a decedent.
The personal representative's daughter-in-law responds to the ad
with the intent to purchase the jewelry. How should the fiduciary
handle this situation? -
correct answer ✅A. Decline to sell the jewelry to the daughter-in-
law under any circumstances
B. Suggest the daughter-in-law have a friend purchase the jewelry
for her
C. Wait to see if other interested buyers come forward and, if not,
sell the jewelry
to the daughter-in-law
D. Have the jewelry appraised by an independent appraiser and sell
the jewelry to
the daughter-in-law for the appraised value
, Fiduciary License AZ Exam Questions
+ Verified Answers 100% correct,
Update 2026
(Correct A)
When must you notify division staff of a misdemeanor or felony
conviction? -
correct answer ✅A certificate holder shall notify division staff
within ten days of a misdemeanor or felony conviction.
Change of Name or Address Notification -
correct answer ✅A certificate holder shall notify division staff of
any change in name or business, directory, mailing or home
address, telephone number or email address within 30 days of any
change, pursuant to the applicable sections of the ACJA. The
certificate holder shall make this notice in writing by U.S. Post,
facsimile or email.
Conservator -
correct answer ✅a person who is appointed by a court to manage
the estate of a protected person" as provided in A.R.S. § 14-1201(8)
Department Director -
correct answer ✅Individual appointed by the governor of Arizona
