§ 30-4-5-13 — Content of written statements of account filed with the court

Indiana § 30-4-5-13

• Jurisdiction: Indiana
• Art. 4: TRUST CODE
• Ch. 5: Rules Governing the Administration of a Trust

Text

(a) A verified written statement of accounts
filed with the court under 30-4-5-12 or by the trustee under
30-4-3-18(b) shall show:
(1) the period covered by the account;
(2) the total principal with which the trustee is chargeable
according to the last preceding written statement of accounts or
the original inventory if there is no preceding statement;
(3) an itemized schedule of all principal cash and property
received and disbursed, distributed, or otherwise disposed of
during the period;
(4) an itemized schedule of income received and disbursed,
distributed, or otherwise disposed of during the period;
(5) the balance of principal and income remaining at the close of
the period, how invested, and both the inventory and current
market values of all investments;
(6) a statement that the trust has been administered according to
the terms of the trust;
(7) the names and addresses of all living beneficiaries and a
statement identifying any beneficiary known to be under a legal
disability;
(8) a description of any possible unborn or unascertained
beneficiary and the possible beneficiary's interest in the trust
estate; and
(9) the business addresses, if any, or the residence addresses of all
the trustees.
(b) The court may, either on petition or on its own motion, require
the trustee to submit such proof as it deems necessary to support the
trustee's verified written statement of accounts. The court may accept
the unqualified certificate of a certified public accountant in lieu of
other proof.
Formerly: Acts 1971, P.L.416, SEC.6. As amended by
P.L.51-2014, SEC.25.