Form 38: Overview of Trusteeship Accounts - Alberta Human Services - Government of Alberta

Form 38: Overview of Trusteeship Accounts

Download Form 38 (PDF, 178 KB)

Instructions

This form is used to provide a summary of the trusteeship accounts for the period of time since you began trusteeship, or since you last reported to the Court, or for a period of time ordered by the Court.

Enter the Court file number from your original order. Complete the adult's name and your name (you are the applicant).

Insert the names and address of all the trustees (but not the alternate trustees) in the box below. If you need more space, please click "add more" if you are completing the form on your computer . If you are completing the form on paper please add additional names where space allows. Also insert the dates that are you are providing information for the Court. Read the statement carefully as you will be required to swear or affirm the document.

In the section that begins "The Start Date is the date…" check the box that applies to your situation. If you check "other" please explain the circumstances.

Section 1 – Summary of Start Date and End Date Financial Position
Section 2 – Summary of Assets And Liabilities as of End Date
Section 3 – Detailed Reconciliation of Bank Accounts
Section 4 – Summary Reconciliation of Other Assets and Liabilities
Section 5 – Other Matters
Section 6 – Proposed Compensation


Section 1 – Summary of Start Date and End Date Financial Position

If this is your first reporting period, you may find it useful to refer to the inventory filed with your initial application. The start date values should match with the information provided to the Court at that time. If this is your second or more reporting period, the start date values should match the end date values of your most recent approved accounts.

Enter the start and end date values for each of the appropriate categories. Total the values for both the start date and end date columns. Enter the total amount of liabilities the adult had on the start and end dates. Calculate the net financial positions by subtracting the liabilities from the asset value.

For the adult's income and expenses, enter the start and end date values and calculate the average monthly surplus or deficit positions for both the start and end dates by subtracting the expense values from the income values.

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Section 2 – Summary of Assets And Liabilities as of End Date

Please note that the values that go in the box are for the end date not the start date. You may find it helpful to refer to the most recent statements you have for bank and investment accounts and any property/mortgage information you have.

Enter the information for the land. The adult's share is the percentage of ownership, for example, if the adult is a sole owner the share is 100%; if the adult is a co-owner the percentage will reflect how many other owners are on title).

Enter the market value (most current value) of the listed assets and calculate the total. Enter the values for the other assets and total those as well. Then calculate the total assets.

Enter all the liabilities (amounts owing but do not include mortgages) and total these numbers.

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Section 3 – Detailed Reconciliation of Bank Accounts

In this section, please start with the balance in the bank account that you last reported to the Court or the starting balance you used in your initial application. From there, summarize the types of transactions that occurred from then until the end date. Where indicated total the numbers for receipts and payments. Calculate the end date balance. These numbers should match those on the supporting documentation.

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Section 4 – Summary Reconciliation of Other Assets and Liabilities

In this section provide the start and end date values for any other assets and liabilities. If any of the assets or liabilities that were in your last report or the initial application have been liquidated please provide details.

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Section 5 – Other Matters

Please check the appropriate box. If you check the second box, please enter details.

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Section 6 – Proposed Compensation

Note: The compensation schedule is used if the trustee has elected in the trusteeship plan to be compensated in accordance with the prescribed compensation schedule. If there are 2 or more trustees who have made such an election, the total compensation must be shared between the trustees. If proposed compensation is determined on some other basis, provide details.

To calculate the compensation amount multiply the category amount by the compensation rate of 2.5%.

Once you have completed this document you must take it to a Commissioner for Oaths in the province of Alberta where you will swear or affirm that its contents are true. The commissioner will complete the box below. Please note that all lawyers in Alberta are commissioners for oaths. Students-at-law (articling students) are also commissioners for oaths. Some real estate offices, financial institutions and some Registry offices may also have commissions for oaths on staff. There may be a cost so be sure to ask about any charges before having your documents commissioned.

Created:
Modified: 2017-03-20
PID: 16410

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