4:87-3. Form of Account; Statement of Assets to Be Annexed to Account

4:87-3. Form of Account; Statement of Assets to Be Annexed to Account

a) Form of Account. The charges and allowances as to principal and income and the

statements required to be annexed to the account may be typed or in the form of

computer or machine printouts; and, where appropriate, the accountant may use a single

schedule for the presentation of portions of the account, but charges and allowances as

to corpus and income shall be stated separately.

 (b) Statement to Be Annexed to Account. To all accounts shall be annexed:

 (1) a full statement or list of the investments and assets composing the balance

of the estate in the accountant's hands, setting forth the inventory value or the

value when the accountant acquired them and the value as of the day the account

is drawn, and also stating with particularity where the investments and assets are

deposited or kept and in what name;

 (2) a statement of all changes made in the investments and assets since they

were acquired or since the day of the last account, together with the date the

changes were made;

 (3) a statement as to items apportioned between principal and income, showing

the apportionments made;

 (4) a statement as to apportionments made with respect to transfer inheritance

or estate taxes;

 (5) a statement of allocation if counsel fees, commissions and other

administration expenses have been paid out of corpus, but the benefits of the

deductions from corpus have been allocated in part or in whole to income

beneficiaries for tax purposes; and

 (6) a statement showing how the commissions requested, with respect to corpus,

are computed, and in summary form the assets or property, if any, not appearing

in the account on which said commissions are in part based.