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Texas Probate Code - Section 749. Account For Final Settlement Of Estates Of Wards

Legal Research Home > Texas Lawyer > Probate Code > Texas Probate Code - Section 749. Account For Final Settlement Of Estates Of Wards

§ 749. ACCOUNT FOR FINAL SETTLEMENT OF ESTATES OF 
WARDS.  When a guardianship of the estate is required to be 
settled, the guardian shall present to the court the guardian's 
verified account for final settlement.  In the account it shall be 
sufficient to refer to the inventory without describing each item 
of property in detail and to refer to and adopt any and all 
guardianship proceedings that concern sales, renting or hiring, 
leasing for mineral development, or any other transaction on behalf 
of the guardianship estate, including an exhibit, account, or 
voucher previously filed and approved, without restating the 
particular items.  Each final account shall be accompanied by 
proper vouchers in support of each item not already accounted for 
and shall show, either by reference to any proceedings authorized 
above or by statement of the facts:
	(1)  the property, rents, revenues, and profits received by 
the guardian, and belonging to the ward, during the term of the 
guardianship;
	(2)  the disposition made of the property, rents, revenues, 
and profits;     
	(3)  the expenses and debts against the estate that remain 
unpaid, if any;   
	(4)  the property of the estate that remains in the hands of 
the guardian, if any;
	(5)  that the guardian has paid all required bond premiums;                    
	(6)  the tax returns the guardian has filed during the 
guardianship;         
	(7)  the amount of taxes the ward owed during the 
guardianship that the guardian has paid;
	(8)  a complete account of the taxes the guardian has paid 
during the guardianship, including the amount of the taxes, the 
date the guardian paid the taxes, and the name of the governmental 
entity to which the guardian paid the taxes;
	(9)  a description of all current delinquencies in the filing 
of tax returns and the payment of taxes and a reason for each 
delinquency;  and
	(10)  other facts as appear necessary to a full and definite 
understanding of the exact condition of the guardianship.

Added by Acts 1993, 73rd Leg., ch. 957, § 1, eff. Sept. 1, 1993.  
Amended by Acts 1997, 75th Leg., ch. 1403, § 4, eff. Sept. 1, 
1997;  Acts 2001, 77th Leg., ch. 484, § 7, eff. Sept. 1, 2001.

Last modified: August 11, 2007