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PS 592

“Para enmendar el Artículo 587 del Título XVI, conocido como “Ley de Procedimientos Legales Especiales” según establecido en el Código de Enjuiciamiento Civil de Puerto Rico de 1933, a los fines de ordenar a la Rama Judicial la creación, publicación y utilización obligatoria de un formulario estandarizado para la rendición trimestral bajo juramento de cuentas de administradores y albaceas, asegurando la presentación de recibos y documentos justificativos de los ingresos y desembolsos realizados en la administración judicial de bienes y albaceazgos; y para otros fines relacionados.”

2025-2028 Session

Puerto Rico must create and require standardized quarterly accounting forms from estate administrators and executors with supporting financial documents to increase fiduciary transparency.

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Bill Summary · PS 592

Legislative bill overview

Bill PS 592 amends Article 587 of Puerto Rico's Civil Procedure Code to require the Judicial Branch to create, publish, and mandate use of a standardized form for quarterly sworn accountings by estate administrators and executors. The form would require submission of receipts and supporting documents for all income and disbursements in judicial estate administration.

Why is this important

Estate administration involves significant sums of money held in trust, and proper accounting protects beneficiaries from mismanagement or fraud. Standardized forms increase transparency, reduce administrative burden, and create uniform documentation standards across all Puerto Rico courts. This addresses a known gap in oversight of fiduciary accountability in the local legal system.

Potential points of contention

  • Administrative burden on fiduciaries: Quarterly sworn accountings with comprehensive supporting documentation may increase costs and complexity for estate administrators, particularly in smaller estates
  • Resource requirements for courts: The Judicial Branch must develop, maintain, and process standardized forms, requiring IT infrastructure and staff training with associated costs
  • Retroactivity questions: Unclear whether the requirement applies to ongoing administrations started before enactment, potentially creating compliance confusion

Compiled from official sources — confirm details with the bill’s official record.

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