Fill and Sign the Summary of Account of Trustee Form

Probate Court Form No. 117 (page 1 of 3) Summary of Account of Trustee STATE OF VERMONT PROBATE COURT DISTRICT OF IN RE TRUST OF __________________ DOCKET NO. _______________ FOR THE BENEFIT OF ____________________ SUMMARY OF ACCOUNT OF TRUSTEE I, _____________________________________, trustee of the above named trust estate account to the court as provided in this summary and the schedule attached hereto for the period ________________ to _________________________. SCHEDULE* INITIAL OR CURRENT OR CARRYING VALUE MARKET VALUE ** PRINCIPAL Total from inventory or previous accounting ___________________ _______________ Receipts A ___________________ _______________ Net gain (or loss) on sales or other disposition B ____________________ ________________ Less disbursements C ____________________ ________________ Balance before distributions ____________________ ________________ Distributions to beneficiaries D ____________________ ________________ Principal balance on handE ____________________ ________________ For information only: F ____________________ ________________ A. Investments made B. Changes in investment holdings INCOME Total from inventory or previous accounting ____________________ ________________ Receipts G _____________________ ________________ Less disbursements H _____________________ _________________ Balance before distributions _____________________ _________________ Distributions to beneficiaries I _____________________ _________________ Income balance on hand _____________________ _________________ Probate Court Form No. 117 (page 2 of 3) Summary of Account of Trustee Combined balance on hand_____________________ _________________ Proposed distribution to beneficiaries, or income balance in hands of trustee (for interim account only) J _____________________ _________________ NOTE:*Use of the Attached Schedules is optional, as long as the information is provided in the manner specified on the Schedules. The detail for 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 fully and faithfully discharged the duties of my office to the present date; that the foregoing account is true and correct and discloses all significant transactions occurring during the accounting period; that all known expense of the estate have been paid in full, except as provided herein; that, to my knowledge, there are no claims now outstanding against the estate; and that all taxes presently due from the estate have been paid. Dated _________________ Signed ____________________, Trustee Subscribed and sworn to this ____ day of ________________, 20__. Before me, ________________________ Notary Public/Judge/Justice of the Peace Probate Court Form No. 117 (page 3 of 3) Summary of Account of Trustee IN 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 each person to whom copies of this document have been sent, together with the person’s address, the date of service and the manner of 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 this account. Dated at ________________ this ____________ day of ______________, 20__. Signed ____________________, Trustee ORDER Examined on oath and allowed, Dated _________________________ Signed _________________________, Judge Note * 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. Probate Court Form No. 117 (Schedule A) Receipts on Principal SCHEDULE A RECEIPTS ON PRINCIPAL Assets which are listed on the inventory should be given the same valuation here. Assets acquired subsequent to the date of death should be valued as of the date acquired. Show initial or carrying value and current fair market value. Assets should be listed in the following categories: real estate; stocks and bonds; cash; and tangible personal property. Probate Court Form No. 117 (Schedule B) Gains and Losses on Sales and Other Dispositions SCHEDULE B GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS State the date and nature of each transaction, showing net proceeds and gain or loss. Show total gains and losses and net gain or loss for account period. Probate Court Form No. 117 (Schedule C) Disbursements on Principal SCHEDULE C DISBURSEMENTS ON PRINCIPAL Each 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; administration expenses; and general disbursements. The subtotal for each category should be stated. Any attorney fees must be justified as provided in Rule 66 (c) of the Vermont Rules of Probate Procedure. Trustee’s fees must also be justified. Probate Court Form No. 117 (Schedule D) Distribution of Principal to Beneficiaries SCHEDULE D DISTRIBUTION OF PRINCIPAL TO BENEFICIARIES State for each distribution: date, nature of distribution, value of distribution, and recipient of distribution and provision of trust if any under which distribution is made. Show subtotal for each beneficiary. Probate Court Form No. 117 (Schedule E) Principle Balance on Hand SCHEDULE E PRINCIPLE BALANCE ON HAND Show each asset with current and acquisition value. Total the current and acquisition values of all assets on hand. Probate Form No. 117 (Schedule F) Information Schedule- Principal SCHEDULE F INFORMATION SCHEDULE-PRINCIPAL Show any investments made and any changes in investment holdings. Probate Court Form No. 117 (Schedule G) Receipts of Income SCHEDULE G RECEIPTS OF INCOME Receipts of income should be shown in two categories-dividends and interest with a subtotal for each category. Each entry should show the asset on which the income was earned, the time period for which the income was received and the amount received. There should be a subtotal for each asset. Probate Court Form No. 117 (Schedule H) Disbursements of Income) SCHEDULE H DISBURSEMENTS OF INCOME Show for each disbursement: date, nature of disbursement, recipient and amount. Disbursements must be grouped in the following categories: federal and state taxes; fees; administration expenses; and general disbursements. The subtotal for each category should be stated. Attorney’s fees must be justified as provided in Rule 66(c) of the Vermont Rules of Probate Procedure. Probate Court Form No. 117 (Schedule I) Distribution of Income to Beneficiaries SCHEDULE I DISTRIBUTION OF INCOME TO BENEFICIARIES For each disbursement show date, amount, recipient and provision of trust, if any, under which distribution is made. Probate Court Form 117 (Schedule J) Proposed Distributions to Beneficiaries SCHEDULE J PROPOSED DISTRIBUTIONS TO BENEFICIARIES For 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 distribution for each beneficiary and total of all proposed distributions.