CallStart diagnosticMessage

What the Account Has to Contain

  • Itemized statement of receipts of income.
  • Itemized statement of receipts of principal.
  • Itemized statement of disbursements of income.
  • Itemized statement of disbursements of principal.
  • Statement of property at the end of the period.

Sample Trustee Accounting

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

SUPERIOR COURT OF WASHINGTON

FOR [COUNTY] COUNTY

In re The Sample Family Revocable Trust dated March 15, 2011

TRUSTEE'S ANNUAL ACCOUNT (RCW 11.106)

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

Format: RCW 11.106.020 (annual itemized statement of receipts and disbursements of principal and income, and statement of property) and RCW 11.106.030 (intermediate/final account filing contents). TEDRA (RCW 11.96A) governs procedure. Amounts are illustrative sample data.

I. ITEMIZED STATEMENT OF RECEIPTS: INCOME

DateSourceNatureAmount
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 Income Receipts$35,055.50

II. ITEMIZED STATEMENT OF RECEIPTS: PRINCIPAL

DateSourceNatureAmount
09/12/2025Sample SecuritiesProceeds – sale of 200 sh XYZ Corp (carry $8,400.00; gain $1,250.00)$9,650.00
Total Principal Receipts$9,650.00

III. ITEMIZED STATEMENT OF DISBURSEMENTS: INCOME

DatePayeeNatureAmount
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
Total Income Disbursements$11,625.00

IV. ITEMIZED STATEMENT OF DISBURSEMENTS: PRINCIPAL

DatePayeeNatureAmount
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
06/30/2025Beneficiary A (Sample, Robert)Discretionary distribution – cash (distribution)$15,000.00
06/30/2025Beneficiary B (Sample, Maria)Discretionary distribution – cash (distribution)$15,000.00
Total Principal Disbursements$47,260.00

V. STATEMENT OF PROPERTY: End of Period (RCW 11.106.020)

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

Liabilities at Close of Period

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

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.

These are the standards we are asked for most often. If your matter sits in a different jurisdiction, we prepare to that jurisdiction's standard.

Have a Matter That Is Stuck?

Thirty minutes with a licensed CPA about one file. If it is not work we should take, we will say so on the call.