What is the primary function of appointing a guardian for a minor beneficiary?

The primary function of appointing a guardian for a minor beneficiary is to retain legal control over the minor's inheritance. When a minor is designated as a beneficiary of a financial asset, they are not legally able to manage that asset until they reach the age of majority, which typically is 18 in many jurisdictions. A guardian is appointed to oversee the inheritance on behalf of the minor, ensuring that the funds are used appropriately for the minor's needs, welfare, and education until they are deemed mature enough to handle the inheritance on their own.

This function is crucial because it provides a legal framework that protects the interests of the minor while ensuring that the inherited assets are managed responsibly. The guardian has the authority to make decisions about how the inheritance is used, ensuring it is not squandered or mismanaged in any way.

In contrast, the other options suggest roles or functions that do not typically fall under the responsibility of a guardian. For instance, while guardians may ensure that benefits are used wisely, their primary role is not to create immediate payment arrangements, act as co-beneficiaries, or establish trust funds—these aspects can be part of the overall financial planning but are not the core function of a guardian in the context of protecting a minor's inheritance.