Ind. Porter Cnty. Local Rule LR64-PR00-5700

5700.10 Intermediate Accounting. Whenever an estate cannot be closed within one

(l) year, an intermediate accounting shall be filed with the Court within thirty (30) days after the

expiration of one year and each succeeding year thereafter. Such accounting shall comply with

the provisions of I.C. 29-1-16-4 and 29-1-16-6 and:

(1) Shall state facts showing why the estate cannot be closed and an estimated

date of closing.

(2) Shall propose partial distribution of the estate to the extent that partial

distribution can be made without prejudice to distributees and claimants.

5700.20 Form and Content. All accountings shall include the following:

(1) All guardianship accountings shall contain a certification of an officer of any

financial institution in which assets are held, verifying the account balance.

(2) All Social Security or Medicare benefits received on behalf of an incapacitated

person shall be included and accounted for in the guardianship accountings unless

Court approval has been previously granted to allow said funds to be paid directly to a residential

or health care facility.

(3) In all supervised estate and guardianship accountings, vouchers or canceled checks

for the expenditures claimed shall be filed with the accounting. No affidavits in lieu

of vouchers or canceled checks will be accepted from individual fiduciaries. An affidavit in lieu

of vouchers or canceled checks may be accepted from a state or federally chartered financial

institution who serves as a fiduciary, provided the financial institution retains the vouchers or

canceled checks on file or by electronic recording device and makes same available to interested

parties upon court order. The Court may require such institution to provide a certification from its

Internal Audit Department verifying the accuracy of the accounting.

(4) In all supervised estate and guardianship accountings, a notation shall be placed by

each expenditure indicating the reason for or nature of the expenditure.

(5) All accountings to the Court shall contain an itemized statement of the assets on

hand.

(6) Receipts or canceled checks for all final distributions shall be filed either in the

final report, or a supplemental report, before discharge will be granted by the Court.

(7) All accountings shall follow the prescribed statutory format. Informal,

handwritten, or transactional accountings will not be accepted.

5700.30 Court Costs and Claims. All court costs shall be paid and all claims

satisfied and released before the hearing on the Final Account and a Clerk's Certification thereof

(see Appendix B) shall be filed with the Court before such Final Account shall be approved.

5700.40 Proof of Tax Payment. The Federal Estate Tax Closing Letter and the

Indiana Inheritance Tax Closing Letter (or the counter-signed receipt) or a photocopy thereof,

showing payment of all Federal Estate and/or Indiana Inheritance Tax liability in the estate, shall

be attached to the Final Report at the time of filing.