Maryland HB1062 modifies jurisdiction over property of minors or disabled persons, allowing court-authorized transactions without a guardian.

Maryland HB1062 amends the jurisdiction over property of minors or disabled persons by allowing the circuit court to authorize certain transactions without appointing a guardian. The court must consider creditors' and dependents' interests and the need for continuing protection. Authorized transactions include sales, mortgages, leases, purchases of annuities or education contracts, and access to financial records or eligibility for government assistance programs. The changes take effect October 1, 2026.

Maryland HB1062 modifies jurisdiction over property of minors or disabled persons, allowing court-authorized transactions without a guardian.

Maryland HB1062 amends the jurisdiction over property of minors or disabled persons by allowing the circuit court to authorize certain transactions without appointing a guardian. The court must consider creditors' and dependents' interests and the need for continuing protection. Authorized transactions include sales, mortgages, leases, purchases of annuities or education contracts, and access to financial records or eligibility for government assistance programs. The changes take effect October 1, 2026.