Vermont Summary of Account of Trustee (Alternate Form)

• Category: Vermont Statewide - Probate Court
• State: Vermont
• Control #: VT-SKU-0872
• Format: PDF

Description

Summary of Account of Trustee (Alternate Form) The Vermont Summary of Account of Trustee (Alternate Form) is a document used by trustees in Vermont to provide a detailed summary of the trust account transactions of a particular trust. This document is used to report the total assets and liabilities of the trust, the income generated from the trust, and the total distributions made from the trust. It is important to note that this document is not intended to be a substitute for a trust accounting, which is a more detailed and comprehensive document. The Vermont Summary of Account of Trustee (Alternate Form) is typically used when an alternate form of accounting is required by the courts. This form is also used when an individual or group becomes the trustee of a trust. There are two types of Vermont Summary of Account of Trustee (Alternate Form): the Summary of Account of Trustee (Original Form) and the Summary of Account of Trustee (Modified Form). The Original Form is used to provide a detailed overview of the trust’s financial activities and is generally more comprehensive than the Modified Form. The Modified Form is used to provide a more simplified view of the trust’s finances and is typically used by non-professional trustees.

The Vermont Summary of Account of Trustee (Alternate Form) is a document used by trustees in Vermont to provide a detailed summary of the trust account transactions of a particular trust. This document is used to report the total assets and liabilities of the trust, the income generated from the trust, and the total distributions made from the trust. It is important to note that this document is not intended to be a substitute for a trust accounting, which is a more detailed and comprehensive document. The Vermont Summary of Account of Trustee (Alternate Form) is typically used when an alternate form of accounting is required by the courts. This form is also used when an individual or group becomes the trustee of a trust. There are two types of Vermont Summary of Account of Trustee (Alternate Form): the Summary of Account of Trustee (Original Form) and the Summary of Account of Trustee (Modified Form). The Original Form is used to provide a detailed overview of the trust’s financial activities and is generally more comprehensive than the Modified Form. The Modified Form is used to provide a more simplified view of the trust’s finances and is typically used by non-professional trustees.