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What the Account Has to Contain

  • Period covered.
  • Property at beginning of the period, at inventory value.
  • Receipts.
  • Disbursements.
  • Trustee compensation.
  • Distributions to beneficiaries.
  • Property on hand at end of the period, at inventory value, with current value for reference.
  • Verification.

Sample Trustee Accounting

Figures are fictitious and illustrative. This is a sample of the deliverable, not legal advice.

STATE OF INDIANA, CIRCUIT COURT

[COUNTY] COUNTY

In Re: The Sample Family Revocable Trust dated March 15, 2011

VERIFIED WRITTEN STATEMENT OF ACCOUNTS

Accounting Period: January 1, 2025 through December 31, 2025

Format: Ind. Code §30-4-5-12 (annual written statement of accounts to income beneficiaries: receipts, disbursements, and trust property at inventory value) and §30-4-5-13 (contents of verified accounting: period, receipts and disbursements, property on hand at inventory value, trustee compensation, other information the court requires). Amounts are illustrative sample data.

1. Period Covered

January 1, 2025 through December 31, 2025

2. Property at Beginning of Period: at Inventory Value

DescriptionInventory Value
Checking – First Sample Bank (…4417)$48,250.00
Brokerage – Sample Securities (…8821)$312,400.00
Residence – 123 Sample Lane, Anytown$650,000.00
Total$1,010,650.00

3. Receipts

DateSourceNature / PurposeAmount
01/01/2025Tenant – 123 Sample LnRent – January$2,000.00
01/15/2025Sample SecuritiesDividends – Q4 2024 (various)$2,460.00
02/01/2025Tenant – 123 Sample LnRent – February$2,000.00
03/01/2025Tenant – 123 Sample LnRent – March$2,000.00
04/01/2025Tenant – 123 Sample LnRent – April$2,000.00
04/15/2025Sample SecuritiesDividends – Q1 2025 (various)$2,460.00
05/01/2025Tenant – 123 Sample LnRent – May$2,000.00
06/01/2025Tenant – 123 Sample LnRent – June$2,000.00
06/30/2025First Sample BankInterest – Jan–Jun$607.75
07/01/2025Tenant – 123 Sample LnRent – July$2,000.00
07/15/2025Sample SecuritiesDividends – Q2 2025 (various)$2,460.00
08/01/2025Tenant – 123 Sample LnRent – August$2,000.00
09/01/2025Tenant – 123 Sample LnRent – September$2,000.00
10/01/2025Tenant – 123 Sample LnRent – October$2,000.00
10/15/2025Sample SecuritiesDividends – Q3 2025 (various)$2,460.00
11/01/2025Tenant – 123 Sample LnRent – November$2,000.00
12/01/2025Tenant – 123 Sample LnRent – December$2,000.00
12/31/2025First Sample BankInterest – Jul–Dec$607.75
Total Receipts$35,055.50

3-A. Sales of Trust Property

DateAsset SoldCarry ValueProceedsGain / (Loss)
09/12/2025200 sh XYZ Corp$8,400.00$9,650.00$1,250.00
Net Gain on Sale$1,250.00

4. Disbursements

DatePayeeNature / PurposeAmount
INCOME DISBURSEMENTS
03/10/2025Anytown Property MgmtRepairs – roof leak, 123 Sample Ln$3,675.00
04/15/2025Franchise Tax / IRSFiduciary income tax – 2024$1,950.00
06/30/2025Jane Q. SampleTrustee compensation – 1st half (per trust §7.2)$3,000.00
12/31/2025Jane Q. SampleTrustee compensation – 2nd half (per trust §7.2)$3,000.00
Subtotal – Income$11,625.00
PRINCIPAL DISBURSEMENTS
04/10/2025Anytown County Tax CollectorProperty tax – 1st installment$3,910.00
05/20/2025Sample Mutual InsuranceHomeowner's insurance – annual$2,140.00
08/05/2025Doe & Roe LLPAttorney fees – trust administration$4,500.00
11/15/2025Autonomi BooksAccounting & bookkeeping services$2,800.00
12/10/2025Anytown County Tax CollectorProperty tax – 2nd installment$3,910.00
Subtotal – Principal$17,260.00
Total Disbursements$28,885.00

5. Trustee Compensation

DatePaid ToBasis / SourceAmount
06/30/2025Jane Q. SampleTrustee compensation – 1st half (per trust §7.2): charged to income$3,000.00
12/31/2025Jane Q. SampleTrustee compensation – 2nd half (per trust §7.2): charged to income$3,000.00
Total Trustee Compensation$6,000.00

6. Distributions to Beneficiaries

DateBeneficiaryDescriptionAmount (at carry value)
06/30/2025Beneficiary A (Sample, Robert)Discretionary distribution – cash$15,000.00
06/30/2025Beneficiary B (Sample, Maria)Discretionary distribution – cash$15,000.00
Total Distributions$30,000.00

7. Property on Hand at End of Period: at Inventory Value (with current value for reference)

DescriptionInventory ValueEst. Current 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

CreditorDescriptionAmount
Anytown County Tax CollectorProperty tax accrued (due 04/2026)$3,910.00

8. Verification

I affirm under the penalties for perjury that the foregoing representations are true.

Dated: ____________________ ______________________________________

Jane Q. Sample, Successor Trustee

Reviewed and signed off by Jade Wang, CPA.

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