What amount can natural guardians manage for minors without exceeding legal limits?

Natural guardians, typically parents, have specific legal authority when it comes to managing the financial affairs of their minor children. In the state of Florida, the legal limit for natural guardians managing funds on behalf of minors without requiring court approval is set at $15,000. This amount allows parents to handle their children's finances efficiently while ensuring a level of oversight to protect the minor's interests.

If the amount exceeds $15,000, the guardian generally needs to seek court approval to manage those funds, thereby introducing additional safeguards and judicial oversight into the process. This legal framework ensures that minors' assets are handled responsibly and in their best interest, adhering to state law regulations that aim to protect the financial well-being of children.