§ 745. Settling Guardianships of the Estate
745. Settling Guardianships of the Estate
(a) A guardianship of the estate of a ward shall be settled when:
(1) a minor ward dies or becomes an adult by becoming 18 years of age, or by removal of disabilities of minority according to the law of this state, or by marriage;
(2) an incapacitated ward dies, or is decreed as provided by law to have been restored to full legal capacity;
(3) the spouse of a married ward has qualified as survivor in community and the ward owns no separate property;
(4) the estate of a ward becomes exhausted;
(5) the foreseeable income accruing to a ward or to the ward's estate is so negligible that maintaining the guardianship in force would be burdensome;
(6) all of the assets of the estate have been placed in a management trust under Subpart N of this part, or have been transferred to a pooled trust subaccount in accordance with a court order issued as provided by Subpart I, Part 5, of this chapter, and the court determines that a guardianship of the ward's estate is no longer necessary; or
(7) the court determines for any other reason that a guardianship for the ward is no longer necessary.
(b) In a case arising under Subsection (a)(5) of this section, the court may authorize the income to be paid to a parent, or other person who has acted as guardian of the ward, to assist in the maintenance of the ward and without liability to account to the court for the income.
(c) When the estate of a minor ward consists only of cash or cash equivalents in an amount of $100,000 or less, the guardianship of the estate may be terminated and the assets paid to the county clerk of the county in which the guardianship proceeding is pending, and the clerk shall manage the funds as provided by Section 887 of this code.
(d) In the settlement of a guardianship, the court may appoint an attorney ad litem to represent the interests of the ward, and may allow the attorney ad litem reasonable compensation to be taxed as costs.