S.B. No. 2903 amends Section 1163.003(a) of the Estates Code to enhance the requirements for guardians of the estate when filing their annual accounts. The bill mandates that guardians must attach various supporting documents, including a voucher that encompasses receipts, invoices, or proof of payment for each item of credit claimed. Additionally, it requires an official letter from the bank detailing the amounts in deposits, proof of securities owned by the estate, and an official statement from each bank or depository covering the end date of the accounting period. New provisions also include the necessity for a bill of sale, contract, or agreement that evidences the sale of personal property during the accounting period.

The bill removes the previous requirement for a general statement regarding the existence of assets and replaces it with more specific documentation requirements. The changes aim to provide greater transparency and accountability in guardianship proceedings. The amended provisions will apply to any guardianship proceedings that are pending or initiated on or after the effective date of the Act, which is set for September 1, 2025.

Statutes affected:
Introduced: ()
Senate Committee Report: Estates Code 1163.003 (Estates Code 1163)
Engrossed: Estates Code 1163.003 (Estates Code 1163)
House Committee Report: Estates Code 1163.003 (Estates Code 1163)