What is the purpose of appointing a guardian for a minor child?

The primary purpose of appointing a guardian for a minor child involves ensuring the child's overall welfare, which includes managing their financial affairs. A guardian is responsible for making decisions that affect the child's best interests, and this often encompasses overseeing any financial assets the child may have, including money or property inherited or received from trusts. This role is crucial to ensure that the child's resources are appropriately managed until they reach adulthood.

While guardianship may also involve responsibilities related to education, medical decisions, and possibly trust management, the overarching duty is to protect and manage the child's financial and personal well-being comprehensively. Therefore, choosing the management of financial affairs as the correct answer highlights a crucial aspect of a guardian's responsibility in ensuring the child's future stability and security.