NCG Regulatory Compliance 5

Question 1

A guardian wants to make a large gift from the ward's estate to the ward's grandchild. Compliant practice usually requires:

Accepted Answer

Court approval after considering the ward's estate plan and needs

Answer

Gifts from a ward's estate generally require court authorization to protect the ward's resources and intent.

Question 2

Which situation would most likely trigger a guardian's duty to petition for modification or termination?

Accepted Answer

The ward's condition significantly improves, restoring capacity

Answer

Guardians should seek modification or termination when the person regains abilities that make guardianship unnecessary.

Question 3

The Elder Justice Act, enacted as part of the Affordable Care Act, primarily addresses:

Accepted Answer

Elder abuse, neglect, and exploitation prevention

Answer

The Elder Justice Act created federal coordination and funding to combat elder abuse, neglect, and exploitation.

Question 4

A professional guardian is offered a referral fee by a nursing home for placing wards there. This is:

Accepted Answer

An impermissible conflict of interest

Answer

Accepting compensation from service providers creates a conflict of interest that ethics standards prohibit.

Question 5

When the ward dies, a guardian of the estate's compliance obligations typically include:

Accepted Answer

Filing a final accounting and delivering assets to the personal representative

Answer

At death the guardianship ends, and the guardian files a final accounting and turns assets over to the estate's personal representative.

NCG - National Certified Guardian Practice Test