What initial task must a guardian complete regarding the ward's assets?

The initial task a guardian must complete regarding the ward's assets is to prepare an initial inventory. This step is foundational in the guardianship process as it establishes a clear account of the ward's financial situation, including all assets, income, and liabilities. The inventory serves several important functions: it provides a baseline for ongoing management and oversight of the ward’s affairs, it helps in identifying any potential needs for intervention, and it fulfills legal requirements mandated by the court.

By compiling an accurate and comprehensive inventory, the guardian ensures transparency and accountability in handling the ward's finances. It is crucial for both the guardian and the court to have a clear understanding of what assets are available to support the ward's needs.

Other actions, such as transferring ownership of assets or filing a new will, may become necessary later in the guardianship process, but they are not the immediate priority when establishing a guardianship. Selling non-liquid assets could be a consideration down the line if the ward's financial situation requires it, but again, it is not the first task to address.