If the ward's assets are under $5000 and a guardian is responsible for finances, the authority is limited to administration.

• A. False
• B. True
• C. Only if court approves
• D. Only for investments

Answer: (B)

When a ward’s finances are small, the guardian’s role is limited to routine financial administration. This means handling everyday money tasks—paying bills, collecting income, keeping records, and safeguarding assets—without making major changes to the estate. Actions like selling property, making large investments, or entering into long-term commitments typically require court involvement or a specific authorized plan. So the statement that the guardian’s authority is limited to administration is correct: it covers the day-to-day management, while significant decisions still need additional supervision or court approval.