NORTH CAROLINA ESTATE FORMS — G.S. 36C-8-813

Trustee's Annual Account — Testamentary Trust

Annual accounting for a trust created under a Will (testamentary trust). Filed with the Clerk of Superior Court. Free. No account required.
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01TRUSTEE INFORMATION
02TRUST INFORMATION
03TRUST ASSETS AT BEGINNING OF PERIOD
Asset Description Value at Start ($)
TOTAL BEGINNING ASSETS: $0.00
04RECEIPTS DURING PERIOD
Date Description Amount ($)
TOTAL RECEIPTS: $0.00
05DISBURSEMENTS DURING PERIOD
Date Payee Purpose Amount ($)
TOTAL DISBURSEMENTS: $0.00
06TRUST ASSETS AT END OF PERIOD
Asset Description Current Value ($)
TOTAL ENDING ASSETS: $0.00
07ACCOUNTING SUMMARY
Balance at Beginning of Period:$0.00
Plus: Total Receipts:$0.00
Less: Total Disbursements:$0.00
BALANCE AT END OF PERIOD:$0.00
08TRUST BENEFICIARIES
Beneficiary Full Name Relationship / Beneficial Interest
09CERTIFICATION UNDER PENALTY OF PERJURY

ANNUAL FILING REQUIREMENT

  • File with the Clerk of Superior Court in the county where the estate was administered
  • Due annually within 90 days after end of the accounting year (G.S. 36C-8-813)
  • Serve a copy on all beneficiaries
  • Keep receipts and records supporting all entries
  • Trustee is personally liable for any shortfall

STATUTORY REFERENCE

G.S. 36C-8-813Trustee's duty to account
G.S. 36C-8-801Prudent investor rule
G.S. 36C-8-802Duty of loyalty
G.S. 36C-8-811Duty to inform beneficiaries

WHAT TO INCLUDE

  • Beginning assets — opening balance of all trust assets
  • Receipts — interest, dividends, rents, sales proceeds received
  • Disbursements — distributions to beneficiaries, fees, expenses paid
  • Ending assets — current fair market value of all trust property

TRUSTEE'S FEES

  • Reasonable compensation is allowed unless the trust says otherwise (G.S. 36C-7-708)
  • Include trustee fees as a disbursement line item
  • Document the basis for any fee taken
  • Corporate trustees: per their published fee schedule