Rule 7.901. Trustee's accounts
(a) Period covered
A trustee's account must state the period covered by the account.
(Subd (a) amended effective January 1, 2002.)
(b) First account
The first account in a testamentary trust must reconcile the initial assets on hand with the decree of distribution of the estate.
(Subd (b) amended effective January 1, 2002.)
(c) Principal and income
All trustee's accounts in a trust that distributes income to a beneficiary must allocate receipts and disbursements between (1) principal receipts and disbursements, and (2) income receipts and disbursements.
(Subd (c) amended effective January 1, 2002.)
Rule 7.901 amended effective January 1, 2002; adopted effective January 1, 2001.