A. The court has the following powers which may be exercised directly or through a conservator in respect to the estate and affairs of protected persons:
1. While a petition for appointment of a conservator or any other protective order is pending and after a preliminary hearing and without notice to others, the court has power to preserve and apply the estate of the person allegedly in need of protection as may be required for that person’s benefit or the benefit of that person’s dependents.
2. After a hearing and upon determining that a basis for an appointment or any other protective order exists with respect to a minor without other disability, the court has all those powers over the estate and affairs of the minor which are or might be necessary for the best interests of the minor, the minor’s family and members of the minor’s household.
3. After a hearing and upon determining that a basis for an appointment or any other protective order exists with respect to a person for reasons other than minority, the court has, for the benefit of the protected person and members of that person’s household, all the powers over his estate and affairs which the protected person could exercise if present and not under disability, except the power to make a will or to make gifts other than those authorized by this section.
4. After notice and a hearing the court may authorize the conservator to make gifts on behalf of the protected person out of the estate of the protected person to donees and in amounts that are consistent with the protected person’s best interests and intentions. In determining if these gifts are in the protected person’s best interests the court shall consider:
(a) The protected person’s estate plan, if any.
(b) The protected person’s pattern of prior gifts, if any.
(c) The potential tax savings that would result if a gift were authorized.
(d) The size of the estate.
(e) The protected person’s income and expenses.
(f) The physical and mental condition and life expectancy of the protected person.
(g) The likelihood that the protected person’s disability may cease.
(h) The likelihood that the protected person would make the gift if the person were able to consent.
(i) The ability of the protected person to consent to the proposed gifts.
B. An order made pursuant to this section determining that a basis for appointment of a conservator or other protective order exists has no effect on the capacity of the protected person.
C. To encourage the self-reliance and independence of a protected person, the court may grant the protected person the ability to handle part of the protected person’s money or other property without the consent or supervision of the conservator. This may include allowing the protected person to maintain appropriate accounts in any bank or other financial institution.