SUPERIOR COURT OF CALIFORNIA
COUNTY OF [COUNTY]
In the Matter of The Sample Family Revocable Trust dated March 15, 2011
FIRST ACCOUNT CURRENT AND REPORT OF TRUSTEE
Accounting Period: January 1, 2025 through December 31, 2025
Format: Probate Code §§1060–1064 (Summary of Account + supporting schedules) and California Rules of Court, rule 7.901 (trustee accounts: accounting period stated; principal and income receipts/disbursements shown separately). Amounts are illustrative sample data.
SUMMARY OF ACCOUNT (Prob. Code §1061)
| CHARGES | Schedule | Amount |
|---|---|---|
| Property on hand at beginning of account (carry value) | A | $1,010,650.00 |
| Additional property received | B | $0.00 |
| Receipts (income and principal) | C | $35,055.50 |
| Gains on sale or other disposition | D | $1,250.00 |
| Net income from trade or business | E | $0.00 |
| TOTAL CHARGES | $1,046,955.50 |
| CREDITS | Schedule | Amount |
|---|---|---|
| Disbursements (income and principal) | F | $28,885.00 |
| Losses on sale or other disposition | G | $0.00 |
| Distributions to beneficiaries | H | $30,000.00 |
| Property on hand at end of account (carry value) | I | $988,070.50 |
| TOTAL CREDITS | $1,046,955.50 |
Total Charges ($1,046,955.50) equal Total Credits ($1,046,955.50). Account balances.
SCHEDULE A – Property on Hand at Beginning of Account
| Description of Asset | Carry Value | Est. Market Value |
|---|---|---|
| Checking – First Sample Bank (…4417) | $48,250.00 | $48,250.00 |
| Brokerage – Sample Securities (…8821) | $312,400.00 | $341,900.00 |
| Residence – 123 Sample Lane, Anytown | $650,000.00 | $715,000.00 |
| Total | $1,010,650.00 | $1,105,150.00 |
SCHEDULE B – Additional Property Received
None.
SCHEDULE C – Receipts (§1062(a): nature, source, date)
| Date | Source | Nature / Purpose | Amount |
|---|---|---|---|
| 01/01/2025 | Tenant – 123 Sample Ln | Rent – January | $2,000.00 |
| 01/15/2025 | Sample Securities | Dividends – Q4 2024 (various) | $2,460.00 |
| 02/01/2025 | Tenant – 123 Sample Ln | Rent – February | $2,000.00 |
| 03/01/2025 | Tenant – 123 Sample Ln | Rent – March | $2,000.00 |
| 04/01/2025 | Tenant – 123 Sample Ln | Rent – April | $2,000.00 |
| 04/15/2025 | Sample Securities | Dividends – Q1 2025 (various) | $2,460.00 |
| 05/01/2025 | Tenant – 123 Sample Ln | Rent – May | $2,000.00 |
| 06/01/2025 | Tenant – 123 Sample Ln | Rent – June | $2,000.00 |
| 06/30/2025 | First Sample Bank | Interest – Jan–Jun | $607.75 |
| 07/01/2025 | Tenant – 123 Sample Ln | Rent – July | $2,000.00 |
| 07/15/2025 | Sample Securities | Dividends – Q2 2025 (various) | $2,460.00 |
| 08/01/2025 | Tenant – 123 Sample Ln | Rent – August | $2,000.00 |
| 09/01/2025 | Tenant – 123 Sample Ln | Rent – September | $2,000.00 |
| 10/01/2025 | Tenant – 123 Sample Ln | Rent – October | $2,000.00 |
| 10/15/2025 | Sample Securities | Dividends – Q3 2025 (various) | $2,460.00 |
| 11/01/2025 | Tenant – 123 Sample Ln | Rent – November | $2,000.00 |
| 12/01/2025 | Tenant – 123 Sample Ln | Rent – December | $2,000.00 |
| 12/31/2025 | First Sample Bank | Interest – Jul–Dec | $607.75 |
| Total Receipts | $35,055.50 |
All receipts above are allocated to income under the trust instrument and Probate Code §§16320 et seq. No principal receipts during the period other than sale proceeds (Schedule D).
SCHEDULE D – Gains on Sale (§1062(d))
| Date | Asset Sold | Carry Value | Proceeds | Gain / (Loss) |
|---|---|---|---|---|
| 09/12/2025 | 200 sh XYZ Corp | $8,400.00 | $9,650.00 | $1,250.00 |
| Net Gain on Sale | $1,250.00 |
SCHEDULE E – Net Income from Trade or Business
Not applicable.
SCHEDULE F – Disbursements (§1062(b): nature, payee, date): Income and Principal shown separately (CRC 7.901)
| Date | Payee | Nature / Purpose | Amount |
|---|---|---|---|
| INCOME DISBURSEMENTS | |||
| 03/10/2025 | Anytown Property Mgmt | Repairs – roof leak, 123 Sample Ln | $3,675.00 |
| 04/15/2025 | Franchise Tax / IRS | Fiduciary income tax – 2024 | $1,950.00 |
| 06/30/2025 | Jane Q. Sample | Trustee compensation – 1st half (per trust §7.2) | $3,000.00 |
| 12/31/2025 | Jane Q. Sample | Trustee compensation – 2nd half (per trust §7.2) | $3,000.00 |
| Subtotal – Income | $11,625.00 | ||
| PRINCIPAL DISBURSEMENTS | |||
| 04/10/2025 | Anytown County Tax Collector | Property tax – 1st installment | $3,910.00 |
| 05/20/2025 | Sample Mutual Insurance | Homeowner's insurance – annual | $2,140.00 |
| 08/05/2025 | Doe & Roe LLP | Attorney fees – trust administration | $4,500.00 |
| 11/15/2025 | Autonomi Books | Accounting & bookkeeping services | $2,800.00 |
| 12/10/2025 | Anytown County Tax Collector | Property tax – 2nd installment | $3,910.00 |
| Subtotal – Principal | $17,260.00 | ||
| Total Disbursements | $28,885.00 | ||
SCHEDULE G – Losses on Sale
None.
SCHEDULE H – Distributions to Beneficiaries (§1062(e))
| Date | Beneficiary | Description | Amount (at carry value) |
|---|---|---|---|
| 06/30/2025 | Beneficiary A (Sample, Robert) | Discretionary distribution – cash | $15,000.00 |
| 06/30/2025 | Beneficiary B (Sample, Maria) | Discretionary distribution – cash | $15,000.00 |
| Total Distributions | $30,000.00 |
SCHEDULE I – Property on Hand at End of Account (§1062(f), carry value; §1063 estimated market value)
| Description of Asset | Carry Value | Est. Market Value |
|---|---|---|
| Checking – First Sample Bank (…4417) | $34,070.50 | $34,070.50 |
| Brokerage – Sample Securities (…8821) | $304,000.00 | $338,750.00 |
| Residence – 123 Sample Lane, Anytown | $650,000.00 | $728,000.00 |
| Total | $988,070.50 | $1,100,820.50 |
Liabilities at Close of Period
| Creditor | Description | Amount |
|---|---|---|
| Anytown County Tax Collector | Property tax accrued (due 04/2026) | $3,910.00 |
ADDITIONAL INFORMATION (Prob. Code §1063–1064)
• Trustee compensation paid during the period: $6,000.00 (Schedule F), per trust instrument §7.2 and Prob. Code §15681.
• Attorney fees paid: $4,500.00 (Schedule F). Accounting fees paid: $2,800.00 (Schedule F).
• Real property: 123 Sample Lane, Anytown: held at carry value $650,000.00; estimated market value $728,000.00 as of 12/31/2025 (broker opinion). Property is leased to a third-party tenant at $2,000/month.
• No bond is required under the trust instrument.
• Original account statements for the period are available to the Court and beneficiaries upon request (Prob. Code §2620(c) analogue for trust accounts where required by local rule).
Verification
I, Jane Q. Sample, declare under penalty of perjury that I am the Successor Trustee of The Sample Family Revocable Trust dated March 15, 2011; that I have read the foregoing account and the schedules attached; and that the same is true and correct to the best of my knowledge.
Dated: ____________________ ______________________________________
Jane Q. Sample, Successor Trustee