S.B. No. 2903 amends the Estates Code regarding the documentation required from guardians of the estate when submitting their annual accounts. The bill specifies that, in addition to existing requirements, guardians must now include complete bank or investment/security statements dated as of the end of the accounting period, receipts for all purchases and expenditures, documentation to substantiate all expenses paid from the guardianship estate (including debit card purchases and ATM withdrawals), and a bill of sale for any personal property sold during the accounting period.
These changes aim to enhance transparency and accountability in the management of guardianship estates by ensuring that all financial activities are thoroughly documented and verifiable. The bill is set to take effect on September 1, 2025.
Statutes affected: Introduced: ()