15.12 Form of Accounts
- Any provision herein with respect to the form of accounts may be waived by the court where:
- The personal representative is the only beneficiary,
- All interested parties have consented; or
- Other good cause is shown.
In each estate in which an account is filed in court:
- Each asset listed in a account shall be designated by the number in the inventory, supplemental inventory or prior account in which it first appears, except that this requirement is waived if the account is prepared and controlled by a mechanized accounting system. Distribution of an item or conversion into cash of other disposition need be described only in the first account after completion of the transaction.
- When ordered by the court each disbursement stated in a final account or an account intended to be binding under the Probate Act, shall be designated by a number and supported by a voucher, which may be a canceled check or other evidence of payment. Vouchers shall be numbered and arranged in the same order as the disbursements in the account, shall be securely fastened together under a separate cover, and shall be exhibited, but vouchers (other than for distributions) need not be filed with the account, unless objection thereto has been made by any interested party; and
- In the event that the account is presented by a bank or trust company, the court shall waive the requirement of the exhibiting of the necessary vouchers for disbursements, other than distributions, upon presentation of a certificate, signed by an official of the bank or trust company stating that the voucher covering the disbursements in the account presented are filed with the bank or trust company.
With respect to an unincorporated business or real estate (a beneficial interest in real estate) in the possession of the representative, the judge may accept a summary accounting of the receipts and disbursements.
An account of administration for each guardian shall be presented within thirty (30) days after the expiration of one year after the issuance of letters, and the guardian shall not be required to file such accounts (after filing the guardian's first account) more often than once every three (3) years, unless otherwise provided by order of court.
An account of administration by each personal representative of a decedent's estate shall be presented within sixty (60) days after the expiration of twelve (12) months after the insurance of letters. The personal representative shall not be required to file an account after filing the first account more often than once every three (3) years, unless otherwise provided by order of court, until the administration is completed.