(1) to make a true inventory of the real and personal estate of the ward coming to the guardian's possession or knowledge and file the original with the court and serve copies of it as provided by the Rules of Probate Procedure;

(2) to manage and dispose of the estate and effects according to law and for the best interest of the ward and faithfully discharge the trust in relation thereto;

(3) to render an account of the property of the ward in the guardian's hands, including the proceeds of real estate sold by the guardian, and of the management and disposition of the same, within one year after appointment, if the ward has real or personal estate, or within one year after such estate comes to the guardian's possession or knowledge, and at other times as the court directs;

(4) at the expiration of the trust, to render and settle the account and pay over and deliver the estate and effects remaining in the guardian's hands or due from settlement to the persons legally entitled to the same. (Amended 1985, No. 144 (Adj. Sess.), § 129; 2009, No. 154 (Adj. Sess.), § 238a, eff. Feb. 1, 2011.)