NCG Regulatory Compliance 3

Question 1

Which practice violates the rule against commingling?

Accepted Answer

Depositing a ward's funds into the guardian's business operating account

Answer

Commingling occurs when ward funds are mixed with the guardian's own personal or business money.

Question 2

For SSI purposes, a single individual's countable resource limit is generally:

Accepted Answer

$2,000

Answer

SSI's countable resource limit for an individual has long been $2,000 ($3,000 for a couple).

Question 3

A guardian of the estate files an inventory late without explanation. What is a likely regulatory consequence?

Accepted Answer

Court may issue a show-cause order, sanctions, or removal

Answer

Courts enforce filing deadlines through show-cause orders, contempt, sanctions, or removal of the guardian.

Question 4

A guardian discovers a professional caregiver is financially exploiting the ward. What is the most appropriate first compliance step?

Accepted Answer

Report to Adult Protective Services or law enforcement and protect the assets

Answer

Suspected exploitation should be reported to APS or law enforcement while the guardian takes steps to safeguard assets.

Question 5

Being appointed a state-court guardian of the estate automatically makes the guardian the ward's Social Security representative payee.

Accepted Answer

False, SSA makes its own payee determination

Answer

SSA independently selects representative payees, though a legal guardian is often a preferred applicant.

NCG - National Certified Guardian Practice Test