(1) An
"estate account" must give an account of the property of the estate to which
it applies and include the following—
(a) clear and succinct particulars of
all transactions that have occurred in respect of any bank or trust account
relating to the estate;
Example of how paragraph (a) may be complied with—
The particulars may be set out in spreadsheet format in chronological order,
with—
(a) each receipt and disbursement divided into capital and income
components; and
(b) running column totals at the bottom of each page and top
of each successive page; and
(c) progressive calculations of total funds on
hand.
(b) an inventory of the estate;
(c) all distributions under the will
(including the will as varied by a court order), trust instrument or on
intestacy for the estate;
(d) the value of all distributions and assets
remaining on hand, reconciled to the net balance of the estate;
(e) the
changes in any investments made in the course of administration;
(f) details
of any other dealings with the property of the estate.
(2) Subject to subrule
(3) , if a person is the personal representative of a deceased individual and
the trustee of an estate of the deceased individual, the person may include in
the same estate account a statement of the administration of the estate both
as personal representative of the deceased individual and as trustee of the
estate of the deceased individual.
(3) The estate account must identify
property received and disbursed by the person in each capacity.
