Which financial activities can a guardian conduct without court approval?

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A guardian is often required to manage the financial affairs of their ward with a certain level of authority, and many routine financial activities can be conducted without prior court approval. Managing checking and savings accounts falls into this category because it is part of the daily financial care that ensures the ward's basic banking needs are met. This includes depositing funds, withdrawing cash for expenses, and monitoring account activity to prevent fraud or mismanagement.

In contrast, the other activities mentioned involve more complexity or risk, which would typically require court oversight. For instance, investing in stocks or making adjustments to an investment portfolio could significantly alter the financial landscape for the ward, requiring a more deliberate process and judicial oversight to protect the ward's interests. Similarly, entering into new loan agreements often involves rights, obligations, and potential liabilities that necessitate court approval to safeguard the ward's financial wellbeing. Therefore, managing checking and savings accounts is recognized as a routine task that guardians can perform independently, allowing them to meet the immediate financial needs of their wards efficiently.

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