What type of arrangements must a conservator manage according to financial responsibilities?

The correct answer is that a conservator is responsible for managing funeral and burial arrangements. This responsibility falls under the broader category of managing the personal and healthcare needs of a conservatee after incapacity. It reflects the conservator’s duty to ensure that the wishes of the conservatee are respected regarding end-of-life matters and that proper arrangements are made in a timely manner.

While a conservator does have financial responsibilities, which can include aspects like managing assets, paying bills, and ensuring the financial wellbeing of the conservatee, the direct management of funeral and burial arrangements specifically highlights the role of the conservator in making personal decisions that affect the conservatee’s legacy and dignity. This is a crucial responsibility, as it involves not just financial management, but also emotional and ethical considerations surrounding the transition at the end of life.

Other choices involve responsibilities that a conservator may have, but they do not specifically relate to the financial management context as clearly as funeral and burial arrangements do. Investment portfolios, social activities, and legal disputes pertain to the broader spectrum of a conservator's role but do not encapsulate the specific duties that involve managing end-of-life decisions in a personal context.