Florida Assisted Living Facilities Practice Exam

If a staff member acts as attorney-in-fact for residents, what is required regarding a surety bond?

1. Equal to monthly income plus property value

2. Equal to monthly income times ten

3. Equal to monthly income only

4. No surety bond required

The correct answer is: Equal to monthly income plus property value

When a staff member acts as attorney-in-fact for residents within an assisted living facility, the requirement for a surety bond is designed to protect the residents' financial interests. The correct choice, which is that the surety bond must be equal to the monthly income plus property value, ensures that there is a substantial financial guarantee in place. This requirement reflects the potential financial authority the staff member holds, as they can make decisions on behalf of the residents regarding their finances. By stipulating that the bond equals the residents’ monthly income plus the value of their property, it safeguards against misuse of funds. This amount provides a sufficient buffer to cover any potential mismanagement or disputes that may arise. Having a surety bond of this nature is a critical measure for maintaining accountability and protecting the residents’ assets. It serves as a form of insurance that the attorney-in-fact will act in the best interests of the residents, offering peace of mind that their financial matters are being handled responsibly.