The bill amends the "Estates and Protected Individuals Code" by updating several sections related to the appointment and responsibilities of professional guardians and conservators. Key changes include the requirement for the court to appoint a professional guardian or conservator only if it finds that such an appointment is in the best interest of the individual and that no other suitable person is available. Additionally, the bill mandates that professional guardians or conservators must file a bond or place money in a restricted account as determined by the court. It also specifies that guardians must maintain a visitation schedule and ensure adequate care for the wards.

Further amendments clarify the powers and duties of guardians, including the requirement to consult with the ward before making major decisions and to report on the ward's condition and estate annually. The bill introduces a new obligation for guardians to notify the court within 14 days if they discover property exceeding $25,000, and it establishes that the court must order guardians to petition for a conservator if financial protection for the ward is deemed necessary. Overall, these changes aim to enhance the oversight and accountability of guardianship arrangements.

Statutes affected:
Substitute (H-1): 700.5106
House Introduced Bill: 700.5106
As Passed by the House: 700.5106