Texas Administrative Code
Title 26 - HEALTH AND HUMAN SERVICES
Part 1 - HEALTH AND HUMAN SERVICES COMMISSION
Chapter 361 - GUARDIANSHIP SERVICES
Subchapter C - CONTRACTOR REQUIREMENTS
Section 361.81 - Responsibilities of Guardian of the Estate
Universal Citation: 26 TX Admin Code ยง 361.81
Current through Reg. 49, No. 38; September 20, 2024
(a) If a contractor is appointed as permanent guardian of the estate, the contractor must manage the ward's finances and assets according to the order appointing guardian of the estate. This responsibility may include:
(1) locating and
taking possession of the ward's assets;
(2) securing the ward's property;
(3) preparing the initial inventory,
appraisement, and list of claims;
(4) paying the ward's bills;
(5) investing any money not needed for the
care and maintenance of the ward;
(6) ensuring that the ward is receiving all
the income and benefits to which the ward is entitled;
(7) selling the ward's property if it is in
the ward's best interests;
(8)
filing annual accountings to courts and to government agencies administering
benefits;
(9) filing tax returns;
and
(10) complying with all
requirements of Texas Estates Code, Title 3 , regarding guardianship of the
estate.
(b) A contractor, its agents, employees or volunteers or their immediate family members or friends must not directly or indirectly purchase property of the ward. A contractor, a contractor's agent, employee, volunteer, or an immediate family member or friend of the contractor, agent, employee, or volunteer may not purchase the ward's property through another person .
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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