FLORIDA GUARDIAN 2026 SET QUESTIONS AND
ANSWERS SET A+
✔✔A ward in a voluntary guardianship has a right to - ✔✔Receive guardian reports,
receive copies of petitions, approve guardian fees and actions, and terminate the
guardianship at will.
✔✔Two reasons to establish a restricted depository are - ✔✔1. Lower surety bond
amounts/premiums
2. Allow the guardian to obtain bond if the Suretybcompany refuses to underwrite the
higher bond.
✔✔A guardian may do the following without having to obtain a court approval. -
✔✔Retain assets of the word, ensure the assets, dissent from Will, receive income and
assets, pay taxes and assessments, a reasonable living expenses of the ward, boat
stocks/securities, provide information, apply for benefits to the ward or defendants ,
employee persons to assist the guardian and performance of the ministration duties.
✔✔Guardian is charged with marshaling the wards assets. This means that a guardian
must - ✔✔Locate and take control of the assets.
✔✔When preparing the initial inventory, the guardian should list the value of an asset as
to what date? - ✔✔Guardianship inception date/GID
✔✔Intangible assets are - ✔✔Stocks/bonds, barrier bonds, life insurance, loans and
prepaid funerals.
✔✔A prepaid cremation or funeral is considered an asset of the ward - ✔✔True
✔✔An audit fee of $85 must be paid to the clerk of the court if the value of the wards
estate is $25,000 or more as listed on the initial inventory - ✔✔True
, ✔✔How many days after the guardianship inception date must the initial inventory be
filed with the court? - ✔✔60 days
✔✔Three ways to obtain the value of the wards real property - ✔✔Formal appraisal,
realtors market analysis, or tax assessed value
✔✔Examples of documentation that should be attached to the initial inventory Are -
✔✔Bank statements, appraisals or proof of value of real property, investment account
statements, trust documents.
✔✔Florida statutes require that information regarding a trust created for the ward prior
to the guardianship be included in the inventory. - ✔✔True.
✔✔Accordion could be sued by the wards air FX thing that he or she was true prudent. -
✔✔True
✔✔Investments considered to be of minimum risk include - ✔✔Savings account, money
market accounts, mutual funds and US treasury notes, certificates of deposit, or tax
exempt mutual funds and bonds.
✔✔Ancillary property means that the property is located - ✔✔In another state
✔✔Credentials to look for when selecting a financial advisor are - ✔✔Certified financial
planner/CFP, registered investment advisor/or IEA, chartered financial advisor/CHFC,
international Association of financial planner/IAFP, or a member of the registry a
financial advisors.
✔✔Guardian must get court approval to sell awards assets when? - ✔✔Always
✔✔Guardian may do some things with the wards money without the courtapproval. -
✔✔Checking accounts, savings accounts, money market accounts, or certificates of
deposit.
✔✔The prudent investor rule is a test of - ✔✔Conduct and not performance results.
✔✔Investments considered a very high risks are collectibles, raw land, or precious
metals. - ✔✔True
✔✔For financial planning needs what might a guardian utilize to determine how long the
ward might live? - ✔✔Life expectancy chart/tables
✔✔As a rule, the safer the investment is, the lower the return will be. - ✔✔True
ANSWERS SET A+
✔✔A ward in a voluntary guardianship has a right to - ✔✔Receive guardian reports,
receive copies of petitions, approve guardian fees and actions, and terminate the
guardianship at will.
✔✔Two reasons to establish a restricted depository are - ✔✔1. Lower surety bond
amounts/premiums
2. Allow the guardian to obtain bond if the Suretybcompany refuses to underwrite the
higher bond.
✔✔A guardian may do the following without having to obtain a court approval. -
✔✔Retain assets of the word, ensure the assets, dissent from Will, receive income and
assets, pay taxes and assessments, a reasonable living expenses of the ward, boat
stocks/securities, provide information, apply for benefits to the ward or defendants ,
employee persons to assist the guardian and performance of the ministration duties.
✔✔Guardian is charged with marshaling the wards assets. This means that a guardian
must - ✔✔Locate and take control of the assets.
✔✔When preparing the initial inventory, the guardian should list the value of an asset as
to what date? - ✔✔Guardianship inception date/GID
✔✔Intangible assets are - ✔✔Stocks/bonds, barrier bonds, life insurance, loans and
prepaid funerals.
✔✔A prepaid cremation or funeral is considered an asset of the ward - ✔✔True
✔✔An audit fee of $85 must be paid to the clerk of the court if the value of the wards
estate is $25,000 or more as listed on the initial inventory - ✔✔True
, ✔✔How many days after the guardianship inception date must the initial inventory be
filed with the court? - ✔✔60 days
✔✔Three ways to obtain the value of the wards real property - ✔✔Formal appraisal,
realtors market analysis, or tax assessed value
✔✔Examples of documentation that should be attached to the initial inventory Are -
✔✔Bank statements, appraisals or proof of value of real property, investment account
statements, trust documents.
✔✔Florida statutes require that information regarding a trust created for the ward prior
to the guardianship be included in the inventory. - ✔✔True.
✔✔Accordion could be sued by the wards air FX thing that he or she was true prudent. -
✔✔True
✔✔Investments considered to be of minimum risk include - ✔✔Savings account, money
market accounts, mutual funds and US treasury notes, certificates of deposit, or tax
exempt mutual funds and bonds.
✔✔Ancillary property means that the property is located - ✔✔In another state
✔✔Credentials to look for when selecting a financial advisor are - ✔✔Certified financial
planner/CFP, registered investment advisor/or IEA, chartered financial advisor/CHFC,
international Association of financial planner/IAFP, or a member of the registry a
financial advisors.
✔✔Guardian must get court approval to sell awards assets when? - ✔✔Always
✔✔Guardian may do some things with the wards money without the courtapproval. -
✔✔Checking accounts, savings accounts, money market accounts, or certificates of
deposit.
✔✔The prudent investor rule is a test of - ✔✔Conduct and not performance results.
✔✔Investments considered a very high risks are collectibles, raw land, or precious
metals. - ✔✔True
✔✔For financial planning needs what might a guardian utilize to determine how long the
ward might live? - ✔✔Life expectancy chart/tables
✔✔As a rule, the safer the investment is, the lower the return will be. - ✔✔True
