Requires guardians of minor's estates to ensure minors complete financial literacy courses and receive financial counseling.
The Responsible Implementation of Settlement Education Amendment Act of 2026 mandates that guardians of minor's estates ensure minors complete a financial literacy course, have contact with a certified financial counselor, and receive a written summary of their assets. The act also allows the court to withhold up to 2% of a guardian's commission if required documentation is not filed, though this does not affect the minor's entitlement to their assets. The act takes effect after approval by the Mayor and a 30-day congressional review period.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.