Which term is used to identify a person responsible for managing another’s property, often in legal matters?

The correct term to identify a person responsible for managing another's property, particularly in legal contexts, is "guardian." A guardian is someone who has the legal responsibility to take care of another individual’s interests, usually concerning their financial or personal affairs. This arrangement often applies in situations where the individual is unable to manage their own property due to reasons such as age, incapacity, or other legal deficits.

The role of a guardian encompasses making decisions that affect the ward's property and ensuring that it is managed with respect to their best interests. This is crucial, especially in legal matters where the protection of an individual’s rights and assets is involved.

The other terms provided have different meanings: "fraud" refers to deception intended to result in financial or personal gain, and it does not pertain to management of property. "Lessor" is a term that describes a person who leases or rents property to another, while "lessee" refers to the individual who is renting or leasing property from the lessor. Neither of these roles involves the same level of fiduciary responsibilities inherent in the role of a guardian.