Relating to the contents of a trust accounting.

SB 1218 modifies Texas trust accounting rules to require trustees to separately allocate certain receipts and disbursements to trust principal or income, even when the distribution rules for both are identical. This change, effective September 1, 2025, allows courts to compel such allocation upon a showing of "good cause," overriding a previous exemption in Section 113.152(b). The bill directly affects trustees managing trust accounts and courts overseeing trust accounting disputes. It ensures detailed financial reporting by mandating clear separation of principal and income transactions in written accountings, as specified in amended Property Code sections. This policy change applies only to accounting demands made on or after the effective date.