Chapter 4. Accounts - California Probate Code Section 1064
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California Laws > Probate Code > Chapter 4. Accounts - California Probate Code Section 1064
1064. (a) The petition for approval of the account or a report
accompanying the petition shall contain all of the following:
(1) A description of all sales, purchases, changes in the form of
assets, or other transactions occurring during the period of the
account that are not otherwise readily understandable from the
(2) An explanation of any unusual items appearing in the account.
(3) A statement of all compensation paid from the assets subject
to the account to the fiduciary or to the attorneys for the fiduciary
other than pursuant to a prior court order.
(4) A statement disclosing any family or affiliate relationship
between the fiduciary and any agent hired by the fiduciary during the
(5) An allegation disclosing whether all of the cash has been
invested and maintained in interest bearing accounts or in
investments authorized by law or the governing instrument, except for
an amount of cash that is reasonably necessary for the orderly
administration of the estate.
(b) The filing of an account shall be deemed to include a petition
requesting its approval, and may include additional petitions for
authorization, instruction or confirmation authorized by the code,
including, but not limited to, a request for an order for
compensation of the fiduciary and the attorney for the fiduciary.
(c) For purposes of this section, "family" means a relationship
created by blood or marriage. For purposes of this section,
"affiliate" means an entity that directly or indirectly through one
or more intermediaries controls, is controlled by, or is under common
control with, the fiduciary.
Last modified: February 16, 2015