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Guardianship Bank Account Rules - Whitney L. Thompson
From The Law Office of Whitney L. Thompson, PLLC – Guardianship Bank Account Rules dives into the financial account regulations and responsibilities when serving as a guardian of the estate in Texas. This article unpacks the statutory obligations, procedural steps, and risks involved in handling a ward’s finances.In the opening section, the article explains the distinction between guardianship of the person and guardianship of the estate, clarifying when a guardianship bank account is required. It outlines how such accounts must remain separate from personal funds, and how funds in the…
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