Which of the following is NOT a reason to establish a restricted depository?

Establishing a restricted depository serves various important purposes in guardianship and asset management. One key reason is to enhance security of the assets. By using a restricted depository, guardians can ensure that funds are safeguarded and access is controlled, which minimizes the risk of misappropriation or theft.

Another critical reason for establishing a restricted depository is to reduce the surety bond amounts required. When assets are held in a restricted manner, it often lessens the financial risk associated with the guardian’s management of those assets, which can lead to lower bonding requirements. Additionally, a restricted depository can be used as an avenue to obtain a bond if a surety company is hesitant to underwrite for a specific guardian due to the perceived risks involved.

While easy access to funds might seem like a desirable feature, a restricted depository is, by definition, meant to limit access to ensure protection and oversight, thus making it counterproductive to the purpose of establishing such an account. Therefore, allowing easy access to funds contradicts the rationale for having a restricted depository in the first place.