A more thorough explanation:

A property guardian is a person who is appointed by a court to manage all of the property and assets of someone who is unable to do so themselves. This person is also known as the "Guardian of the Estate".

The property guardian has a responsibility to protect all of the property and assets that belong to the person they are appointed to help. They must collect any income, pay bills, and manage all other matters related to the person's property or assets. They may also be responsible for enforcing contracts and bringing or defending lawsuits.

It's important to note that a property guardian is different from a guardian of the person. A guardian of the person is responsible for making personal decisions for the ward, such as decisions about where they live and what medical treatment they receive. The same person can be appointed as both the guardian of the person and the guardian of the estate, or there can be different people appointed to each role.

John is an elderly man who has been diagnosed with dementia. He is no longer able to manage his finances or make decisions about his property. The court appoints his daughter, Sarah, as his property guardian. Sarah is responsible for managing all of John's property and assets, including paying his bills and collecting his income. She must make sure that John's property is protected and that his finances are managed properly.

In this example, Sarah is appointed as John's property guardian because he is unable to manage his finances himself. She has a responsibility to protect his property and assets and manage his finances properly.