This law section outlines the rules for filing accounts with the court. It states that you only need to include the information specified in this chapter unless the law requires more details elsewhere or there's a good reason to add extra information.

The provisions in this chapter became effective starting July 1, 1997.

This section outlines how fiduciaries must prepare summary accounts when handling estates. The account must cover a specific period and include details like the initial property value, any new assets received, income, expenses, gains, losses, and distributions made during that time. It must also indicate the property at the end of the accounting period. These summaries must be formatted in a specific way where the total charges equal the total credits. Terms like 'net income' and 'net loss' must follow general accounting principles, not necessarily match tax returns.

This law section requires a detailed summary when dealing with financial accounts related to estates or conservatorships. It must include several schedules: showing all income received and its source; details of all outgoing payments, including who was paid and why; summaries of business profits or losses; details of any gains or losses from sales; records of distributions to beneficiaries or conservatees, listing dates and amounts; and a list of properties owned, including their original value.

This law outlines the requirements for including specific schedules in estate and trust accounting. At the end of each accounting period, there's a need to show the estimated market value of assets at the beginning and end of the period. Any changes to assets must also be listed, except for certain cash transfers. In cases where an estate or trust is distributed to an income beneficiary, the statement must show how receipts and disbursements are divided between principal and income. Properties given specifically in a will need a schedule to track income and expenditures related to those properties. Interests paid need a calculation schedule. For proposed distributions, the schedule should outline the distribution plan and asset values. Liabilities need to be clearly listed, including taxes, judgments, and other debts. If there's real property in foreign places, it must be detailed, showing its value and the measures taken to protect it.

This law explains what needs to be included in a petition for approving an account related to an estate. The petition must detail all transactions, clarify any unusual items, and list any payments made to the fiduciary or their attorneys, unless already approved by a court. It must also disclose any family or affiliate connections between the fiduciary and agents they've hired. It's important to note whether all cash is properly invested except for the necessary amount to manage the estate. Filing an account implies a request for approval and can also include requests for other court orders, like compensation for the fiduciary and their attorney. The law defines 'family' as relationships by blood or marriage, and 'affiliate' as entities with control links to the fiduciary.