SB 1218 amends the Property Code to modify the requirements for trust accountings. The bill allows a court to compel a trustee to allocate certain receipts and disbursements to principal and income, even if the distribution standard and beneficiaries for both categories are the same, upon a showing of good cause. It revises the contents of a trust accounting statement to require a complete account of receipts, disbursements, and other transactions related to trust property, including their source and nature. The bill clarifies that a trustee is not required to allocate receipts or disbursements to principal or income if the distribution standard and beneficiaries are the same for both categories. These changes apply only to demands for accounting made on or after the bill's effective date of September 1, 2025.