Rule 504 - Expenditures and Sales by a Guardian(a) EXPENDITURES. (1)In General. Prior court authorization is required for a guardian to make any expenditure from a minor's estate. A guardian may request prior court authorization for an expenditure by filing a petition on the form maintained by the Register of Wills or a form that is substantially similar in format and content.(2)Records. When practicable, a guardian must obtain a voucher for any disbursement. A guardian must maintain accurate records of all receipts and disbursements.(b) SALE OF PROPERTY. A guardian is not permitted to sell or otherwise dispose of estate property or encumber it without prior court order.(c) EXPENDITURES AND SALES FOR INVESTMENT. (1)Expenditure or Sale for Investment. Prior court authorization is required for a guardian to make any expenditure or sale for investment, except one made in accordance with a plan or program approved under Rule 504(c)(2). A guardian may request prior court authorization for an expenditure or sale for investment by filing a petition on the form maintained by the Register of Wills or a form that is substantially similar in format and content.(2)Investment Plan or Program. A guardian may apply for court approval of an investment plan or program in accordance with Probate Division rules governing investments by a fiduciary. If the court approves the plan or program and the transaction complies with the approved plan or program, a guardian may carry out the investment plan or program without court approval of specific transactions. The petition must be on the form maintained by the Register of Wills or a form that is substantially similar in format and content.(d) FAILURE TO COMPLY. If a guardian fails to comply with the provisions of this rule, the failure may be treated as an irregularity or default under Rule 114.Adopted by Order dated March 4, 2022, effective 8/22/2022.