Two people to serve together in being responsible for the property or assets of another person.

• A. Co-fiduciary
• B. Guardian
• C. Conservator
• D. Trustee

Answer: (A)

When two people are named to oversee someone else’s property, they are acting as co-fiduciaries. A fiduciary is someone who must manage someone else’s assets with loyalty, care, and good faith. The “co” part means both individuals share the duties and authority over the same assets, and they’re jointly responsible for prudent administration and for avoiding conflicts of interest or self-dealing.

This arrangement is common in estate planning and fiduciary contexts because it provides oversight and checks on each other’s actions. Decisions often need to be made together, records kept, and the beneficiaries protected. While a guardian, conservator, or trustee are all fiduciary roles, those terms describe specific capacities; they can be held by one person or by multiple people. The scenario described—two people serving together over property—best fits the general concept of co-fiduciaries, capturing the idea of shared fiduciary responsibility.