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Oklahoma Trustee Accounting Format

National Fiduciary Accounting Standards model format (60 O.S. §175.1 et seq.)

What the Account Has to Contain

  • Summary: assets on hand at beginning, receipts, disbursements, distributions, capital transactions net gain or loss, and assets on hand at end.
  • Schedule A, receipts.
  • Schedule B, disbursements.
  • Schedule C, distributions.
  • Schedule D, capital transactions.
  • Schedule E, assets on hand at end of the period.

Sample Trustee Accounting

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

IN THE DISTRICT COURT OF [COUNTY] COUNTY

STATE OF OKLAHOMA

In the Matter of The Sample Family Revocable Trust dated March 15, 2011

TRUSTEE'S ACCOUNTING (Court-Ordered)

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

Format: Oklahoma Trust Act, 60 O.S. §175.1 et seq. (no statewide mandatory trust-accounting form). This exhibit follows the National Fiduciary Accounting Standards model format (Summary + Schedules A–E) and is organized to reconcile to bank records produced under the court's order. Amounts are illustrative sample data.

SUMMARY

IncomePrincipalTotal
I. Assets on hand at beginning (carry value)$0.00$1,010,650.00$1,010,650.00
II. Receipts (Sch. A)$35,055.50$0.00$35,055.50
III. Disbursements (Sch. B)($11,625.00)($17,260.00)($28,885.00)
IV. Distributions (Sch. C)$0.00($30,000.00)($30,000.00)
V. Capital transactions: net gain/(loss) (Sch. D)$0.00$1,250.00$1,250.00
VI. Assets on hand at end (Sch. E)$23,430.50$964,640.00$988,070.50

SCHEDULE A – 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

SCHEDULE B – 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

SCHEDULE C – Distributions

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

SCHEDULE D – Capital Transactions

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

SCHEDULE E – Assets on Hand at End of Period

Description of AssetCarry ValueEst. 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

BANK RECONCILIATION: Checking (…4417) at 12/31/2025

Amount
Balance per bank statement 12/31/2025$34,570.50
Less: outstanding check #1187 (Anytown Property Mgmt)($500.00)
Adjusted balance = Schedule E$34,070.50

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

Verification

I, Jane Q. Sample, declare under penalty of perjury that I am the 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

Reviewed and signed off by Jade Wang, CPA.

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