New This format was added in October 2026. We built it from the statute text cited below. It hasn't yet been reviewed by a practitioner licensed in Indiana, so have your attorney check the first account you prepare.
Known limitations:
- Trust statements filed with the court must also contain the statements in IC 30-4-5-13(a)(6) to (9), such as a statement that the trust was administered according to its terms. You add those; we list the beneficiaries you entered.
- Indiana has no fixed statutory fee schedule, so we don't estimate compensation.
- Guardianship and conservatorship accounts aren't supported in this format.
How Summafolio formats it
Accountings for Indiana are formatted to the structure of: Indiana account (IC 29-1-16-4 three-schedule form).
An account for a distinctly stated period in the three schedules of IC 29-1-16-4: property chargeable to the fiduciary; payments, charges, losses and distributions; and property on hand constituting the balance. Supporting schedules itemize principal and income and, for trust statements, show the items of IC 30-4-5-13(a): the principal chargeable per the last statement or inventory, itemized principal and income received and disbursed, and the balance with inventory and current market values.
Sources:
- IC 29-1-16-4 (schedules; receipts for disbursements; CPA certificate)
- IC 29-1-16-2 (final account within one year of appointment)
- IC 30-4-5-12 (trustee's annual statement of accounts)
- IC 30-4-5-13 (contents of statements filed with the court)
- IC 30-2-14 (Uniform Principal and Income Act)
- Principal and income: IC 30-2-14 (Uniform Principal and Income Act)
Notes:
- When the account is filed, receipts for the disbursements must be filed with it; the court may accept other proof or a CPA's unqualified certificate instead (IC 29-1-16-4).
- Trust statements filed with the court must also state that the trust has been administered according to its terms, identify any beneficiary under a legal disability, describe any possible unborn or unascertained beneficiary, and give the trustees' addresses (IC 30-4-5-13(a)(6)-(9)). Add those statements before filing; Schedule 12 lists the beneficiaries entered.
- Indiana has no fixed statutory fee schedule in our calculator.
- Guardianship and conservatorship accounts aren't supported in this format. Check your county probate court's local rules before filing.
The format: three schedules
Indiana's probate code fixes the structure of a personal representative's account. Under IC 29-1-16-4, an account covers a distinctly stated period and consists of three schedules:
- the amount of the property chargeable to the personal representative;
- payments, charges, losses and distributions;
- the property on hand constituting the balance of the account, if any.
When the account is filed, the personal representative also files receipts for the disbursements made during the period. If receipts aren't available, the court may accept other proof, and it may accept the unqualified certificate of a certified public accountant instead of receipts (IC 29-1-16-4).
When accounts are due
A personal representative closes the estate as promptly as possible, and unless the court finds good cause, the final account is due within one year of appointment (IC 29-1-16-2).
Trustees
Unless the trust says otherwise or an adult, competent beneficiary waives it in writing, a trustee gives each income beneficiary a written statement of accounts every year, showing at least all receipts and disbursements since the last statement and the trust property held, at inventory value (IC 30-4-5-12).
A statement filed with the court must show more (IC 30-4-5-13(a)): the period; the principal chargeable according to the last statement or the original inventory; itemized schedules of principal and of income received and disbursed; the balance of principal and income at the close, how it is invested, with inventory and current market values; a statement that the trust was administered according to its terms; the names and addresses of living beneficiaries, identifying any under a legal disability; any possible unborn or unascertained beneficiaries; and the trustees' addresses.
Principal and income
Indiana's Uniform Principal and Income Act is IC 30-2-14.
What Summafolio produces
The three schedules of IC 29-1-16-4, with a summary that checks Schedule 1 less Schedule 2 equals Schedule 3, plus supporting schedules that split receipts, disbursements and distributions into principal and income, list sales, investments, liabilities and compensation, and reconcile cash to the account statements. For trusts, a beneficiary schedule lists the names and addresses you entered. Add the statements IC 30-4-5-13(a)(6) to (9) require, and check your county probate court's local rules, before filing.
Indiana has no fixed statutory fee schedule, so Summafolio doesn't estimate compensation. Guardianship and conservatorship accounts aren't supported in this format.
Frequently asked questions
Do I have to file receipts with the account?
Yes, receipts for disbursements are filed with the account under IC 29-1-16-4, unless the court accepts other proof or a CPA's unqualified certificate. Summafolio's review packet indexes the statement behind every payment to help you assemble them.
Does a trustee's annual statement have to go to the court?
Not usually. IC 30-4-5-12 requires a statement to income beneficiaries each year; a filed, verified statement is required when the court orders one or has continuing jurisdiction over the trust.
Samples and next steps
Other states
- California
- Florida
- New York
- Pennsylvania
- Texas
- Illinois
- Ohio
- Georgia
- North Carolina
- Arizona
- Washington
- New Jersey
- Michigan
- Virginia
- Nevada New
- Oregon New
- Tennessee New
- Uniform format