Content of written statements of account filed with the court
Sec. 13. (Content of Written Statements of Account Filed with the
Court)
(a) A verified written statement of accounts filed with the court
under 30-4-5-12 or by the trustee under 30-4-3-18(b) shall show:
(1) the period covered by the account;
(2) the total principal with which the trustee is chargeable
according to the last preceding written statement of accounts or the
original inventory if there is no preceding statement;
(3) an itemized schedule of all principal cash and property
received and disbursed, distributed, or otherwise disposed of during
the period;
(4) an itemized schedule of income received and disbursed,
distributed, or otherwise disposed of during the period;
(5) the balance of principal and income remaining at the close of
the period, how invested, and both the inventory and current market
values of all investments;
(6) a statement that the trust has been administered according to
its terms;
(7) the names and addresses of all living beneficiaries and a
statement identifying any beneficiary known to be under a legal
disability;
(8) a description of any possible unborn or unascertained
beneficiary and his interest in the trust estate; and
(9) the business addresses, if any, or the residence addresses of all
the trustees.
(b) The court may, either on petition or on its own motion, require
the trustee to submit such proof as it deems necessary to support his
verified written statement of accounts. The court may accept the
unqualified certificate of a certified public accountant in lieu of other
proof.
(Formerly: Acts 1971, P.L.416, SEC.6.)
Last modified: May 27, 2006