Get Accounting Summary Form #1 General Purpose For Non ... - Spokanecounty

Filling out the Accounting Summary Form #1 is an essential step for non-professional guardians managing an estate. This guide will provide clear, step-by-step instructions to help users accurately complete the form and ensure compliance with necessary reporting requirements.

Follow the steps to effectively complete the form.

1. Click ‘Get Form’ button to obtain the form and open it in the appropriate online editor.
2. Fill in the estate information section. Provide the accounting period's start and end dates. Include the description and the last four digits of the account number, along with the values at the beginning and end of the accounting period for each asset category, including real estate and bank accounts.
3. List all liabilities, detailing debts or obligations of the incapacitated person and the estate, ensuring every obligation is captured.
4. Calculate the total value of assets by summing the amounts listed in the previous section. This amount will be referenced later in the net totals calculation.
5. Document all income received from various sources during the reporting period in the income section. Clearly categorize each source, including wages, social security, and any other sources of income.
6. Total the income from all sources and enter this amount in the designated section.
7. List all disbursements and outgoing payments under categories such as personal living expenses, healthcare expenses, professional fees, and other expenses. Be thorough in detailing each expenditure.
8. Once all amounts are documented, calculate the total disbursements and the net total of income and disbursements by subtracting total disbursements from total income.
9. Prepare the certification statement, signing and dating it correctly. Include your printed name, contact information, and any necessary identifier number.
10. Gather all supporting documents required, such as receipts, bank statements, and check registers. Ensure all documents support the declarations made in the report.
11. Finally, ensure all information is complete and accurate, then save changes. Depending on your needs, you can download, print, or share the completed form online.

Begin filling out the Accounting Summary Form #1 online today to ensure accurate reporting and compliance with guardianship requirements.