Indiana Code 30-4-5-13. Content of written statements of account filed with the court

Sec. 13. (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;

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Terms Used In Indiana Code 30-4-5-13

Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
Beneficiary: has the meaning set forth in IC 30-2-14-2. See Indiana Code 30-4-1-2
Court: means a court having jurisdiction over trust matters. See Indiana Code 30-4-1-2
Income: except as otherwise stated in a trust agreement, has the meaning set forth in IC 30-2-14-4. See Indiana Code 30-4-1-2
Principal: has the meaning set forth in IC 30-2-14-10. See Indiana Code 30-4-1-2
Property: includes personal and real property. See Indiana Code 1-1-4-5
Trust estate: means the trust property and the income derived from its use. See Indiana Code 30-4-1-2
Trustee: A person or institution holding and administering property in trust.
Trustee: has the meaning set forth in IC 30-2-14-13. See Indiana Code 30-4-1-2
Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5

(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 the terms of the trust;

(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 the possible beneficiary’s 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 the trustee’s 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. As amended by P.L.51-2014, SEC.25.

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