Accounting standards and procedures
Sec. 6.5. (a) This section applies to an accounting described under
section 6 of this chapter that is filed:
(1) in a court that requires an accounting; and
(2) by a guardian for a protected person:
(A) whose:
(i) annual gross income is not more than one hundred
eighty-five percent (185%) of the federal income poverty
level as determined annually by the federal Office of
Management and Budget under 42 U.S.C. 9902; and
(ii) total assets are worth fifteen thousand dollars
($15,000) or less; or
(B) who has an annual gross income and total assets of any
amount, if the guardian does not have powers concerning the
estate of the protected person.
(b) The court shall establish standards for the type of information
required to be reported in an accounting described in subsection (a).
(c) Except as provided in subsection (d), the accounting described
in subsection (a) is not required to be filed by an attorney for the
guardian.
(d) The court may order that the guardian hire an attorney to assist
the guardian in filing the accounting described in subsection (a) if the
court determines that an accounting filed by the guardian does not
conform to the standards established by the court under this section.
As added by P.L.265-1995, SEC.2.
Last modified: May 27, 2006