(a) Unless otherwise provided by the court and except as provided by Subsection (b), the trustee of a management trust shall:
(1) prepare a final account in the same form and manner that is required of a guardian under Sections 1204.101 and 1204.102; and
(2) on court approval, distribute the principal or any undistributed income of the trust to:
(A) the ward or incapacitated person when the trust terminates on the trust's own terms;
(B) the successor trustee on appointment of a successor trustee; or
(C) the representative of the deceased ward's or incapacitated person's estate on the ward's or incapacitated person's death.
(b) The court may not require a trustee of a trust created for a person who has only a physical disability to prepare and file with the court a final account as described by Subsection (a)(1). The trustee shall distribute the principal and any undistributed income of the trust in the manner provided by Subsection (a)(2) for a trust the beneficiary of which is a ward or incapacitated person.