Summary Of Account Of Trustee (With Schedule) {PC 117} | Pdf Fpdf Docx | Vermont

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Summary Of Account Of Trustee (With Schedule) {PC 117} | Pdf Fpdf Docx | Vermont

Summary Of Account Of Trustee (With Schedule) {PC 117}

This is a Vermont form that can be used for Probate Court within Statewide.

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Probate Court Form No. 117(page 1 of 3)Summary of Account of TrusteeSTATE OF VERMONT PROBATE COURTDISTRICT OFIN RE TRUST OF DOCKET NO. FOR THE BENEFIT OF SUMMARY OF ACCOUNT OF TRUSTEEI, , trustee of the above named trust estate account tothe court as provided in this summary and the schedule attached hereto for the period to .SCHEDULE*INITIAL ORCURRENT ORCARRYING VALUEMARKET VALUE **PRINCIPAL Total from inventory orprevious accountingReceiptsANet gain (or loss) on sales or other dispositionBLess disbursementsCBalance before distributionsDistributions to beneficiariesDPrincipal balance on handEFor information only:FA. Investments madeB. Changes in investment holdingsINCOME Total from inventory orprevious accountingReceiptsGLess disbursementsHBalance before distributionsDistributions to beneficiariesIIncome balance on hand American LegalNet, Inc. www.FormsWorkFlow.com Probate Court Form No. 117(page 2 of 3)Summary of Account of TrusteeCombined balance on handProposed distribution tobeneficiaries, or incomebalance in hands of trustee(for interim account only)JNOTE:*Use of the Attached Schedules is optional, as long as the information is provided in the manner specified on the Schedules. The detailfor relatively simple or brief accounts may be put on one. **Use current value if known or if directed by the court.I, , trustee of the above named trust estate declare under oath that I have fullyand faithfully discharged the duties of my office to the present date; that the foregoing account is true andcorrect and discloses all significant transactions occurring during the accounting period; that all knownexpense of the estate have been paid in full, except as provided herein; that, to my knowledge, there are noclaims now outstanding against the estate; and that all taxes presently due from the estate have been paid.Dated Signed , TrusteeSubscribed and sworn to this day of, 20.Before me, Notary Public/Judge/Justice of the Peace American LegalNet, Inc. www.FormsWorkFlow.com Probate Court Form No. 117(page 3 of 3)Summary of Account of TrusteeIN RE TRUST OF FOR THE BENEFIT OF ACCOUNT PERIOD: TO NOTICE:A certificate of service must be filed with the Court by the person who submits this document. The certificate must list eachperson to whom copies of this document have been sent, together with the person222s address, the date of service and the mannerof service (e.g., first class mail). See form 124.MOTION TO ALLOW ACCOUNT*I, , trustee of the above named trust, move the court to allow thisaccount.Dated at this day of , 20.Signed , TrusteeORDERExamined on oath and allowed,Dated Signed , JudgeNote* V. R. P. P. 66(d) requires that, in a trust proceeding, a motion to allow account be filed no less frequently than every third year. American LegalNet, Inc. www.FormsWorkFlow.com Probate Court Form No. 117(Schedule A)Receipts on PrincipalSCHEDULE ARECEIPTS ON PRINCIPALAssets which are listed on the inventory should be given the same valuation here. Assets acquiredsubsequent to the date of death should be valued as of the date acquired. Show initial or carrying value andcurrent fair market value. Assets should be listed in the following categories: real estate; stocks and bonds;cash; and tangible personal property. American LegalNet, Inc. www.FormsWorkFlow.com Probate Court Form No. 117(Schedule B)Gains and Losses on Salesand Other DispositionsSCHEDULE BGAINS AND LOSSES ON SALES AND OTHER DISPOSITIONSState the date and nature of each transaction, showing net proceeds and gain or loss. Show total gainsand losses and net gain or loss for account period. American LegalNet, Inc. www.FormsWorkFlow.com Probate Court Form No. 117(Schedule C)Disbursements on PrincipalSCHEDULE CDISBURSEMENTS ON PRINCIPALEach disbursement should be itemized showing date, amount, recipient and reason for disbursement.Disbursements must be grouped in the following categories: federal and state taxes; fees; administrationexpenses; and general disbursements. The subtotal for each category should be stated. Any attorney feesmust be justified as provided in Rule 66 (c) of the Vermont Rules of Probate Procedure. Trustee222s fees mustalso be justified. American LegalNet, Inc. www.FormsWorkFlow.com Probate Court Form No. 117(Schedule D)Distribution of Principal toBeneficiariesSCHEDULE DDISTRIBUTION OF PRINCIPAL TO BENEFICIARIESState for each distribution: date, nature of distribution, value of distribution, and recipient ofdistribution and provision of trust if any under which distribution is made. Show subtotal for eachbeneficiary. American LegalNet, Inc. www.FormsWorkFlow.com Probate Court Form No. 117(Schedule E)Principle Balance on HandSCHEDULE EPRINCIPLE BALANCE ON HANDShow each asset with current and acquisition value. Total the current and acquisition values of allassets on hand. American LegalNet, Inc. www.FormsWorkFlow.com Probate Form No. 117(Schedule F)Information Schedule- PrincipalSCHEDULE FINFORMATION SCHEDULE-PRINCIPALShow any investments made and any changes in investment holdings. American LegalNet, Inc. www.FormsWorkFlow.com Probate Court Form No. 117(Schedule G)Receipts of IncomeSCHEDULE GRECEIPTS OF INCOMEReceipts of income should be shown in two categories-dividends and interest with a subtotal for eachcategory. Each entry should show the asset on which the income was earned, the time period for which theincome was received and the amount received. There should be a subtotal for each asset. American LegalNet, Inc. www.FormsWorkFlow.com Probate Court Form No. 117(Schedule H)Disbursements of Income)SCHEDULE HDISBURSEMENTS OF INCOMEShow for each disbursement: date, nature of disbursement, recipient and amount. Disbursementsmust be grouped in the following categories: federal and state taxes; fees; administration expenses; andgeneral disbursements. The subtotal for each category should be stated. Attorney222s fees must be justifiedas provided in Rule 66(c) of the Vermont Rules of Probate Procedure. American LegalNet, Inc. www.FormsWorkFlow.com Probate Court Form No. 117(Schedule I)Distribution of Income toBeneficiariesSCHEDULE IDISTRIBUTION OF INCOME TO BENEFICIARIESFor each disbursement show date, amount, recipient and provision of trust, if any, under whichdistribution is made.Probate Court Form 117 American LegalNet, Inc. www.FormsWorkFlow.com (Schedule J)Proposed Distributions to BeneficiariesSCHEDULE JPROPOSED DISTRIBUTIONS TO BENEFICIARIESFor each beneficiary list the assets to be distributed to that beneficiary showing asset ,initial value,current value and provision of trust under which distribution will be made. Show total value of distributionfor each beneficiary and total of all proposed distributions. American LegalNet, Inc. www.FormsWorkFlow.com

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