BILL ANALYSIS

Senate Research Center	S.B. 2903
	By: Zaffirini
	Jurisprudence
	4/14/2025
	As Filed

AUTHOR'S / SPONSOR'S STATEMENT OF INTENT

Under current law, guardians of estates must submit supporting vouchers and other documents with their annual accounts. The Estates Code, however, does not require key financial documentation, such as complete bank or investment statements and receipts for all expenditures, leaving gaps in oversight�particularly in counties with limited resources for auditing guardianship estates.

S.B. 2903 would close these gaps by requiring guardians to submit full bank or investment/security statements as of the end of the accounting period, along with receipts and invoices for all purchases, debit card transactions, ATM withdrawals, and any personal property sales. These changes would enhance transparency and ensure courts have the necessary information to assess estate management. 

As proposed, S.B. 2903 amends current law relating to documents required to be submitted by a guardian of the estate.

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 1163.003(a), Estates Code, as follows:

Sec. 1163.003. SUPPORTING VOUCHERS AND OTHER DOCUMENTS ATTACHED TO ACCOUNT. (a) Requires the guardian of the estate to attach to each annual account:

(1)-(3) makes no changes to these subdivisions;

(4) complete bank or investment/security statements, dated as of the end of the accounting period;

(5) receipts for all purchases and expenditures;

(6) documentation, including receipts and invoices, to substantiate all expenses paid from the guardianship estate, including debit card purchases and ATM withdrawals; and

(7) a bill of sale from the purchaser for any personal property sold during the accounting period.

SECTION 2. Effective date: September 1, 2025.