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Ic 29-3-9-6.5 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.

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Local Government
Indiana
2
2
1
Eric J. Holcomb
Eric Holcomb
January 9, 2017 -
Republican
317-233-5293
402 W. Washington Street, Room W160A, Indianapolis, IN, 46204

Keywords
accounting
guardian
income
described
standards
filed
annual
management
federal
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