{"id":2719,"date":"2022-05-02T07:50:15","date_gmt":"2022-05-02T07:50:15","guid":{"rendered":"https:\/\/crowdsourcelawyers.com\/california-statutes\/?page_id=2719"},"modified":"2022-05-20T23:45:42","modified_gmt":"2022-05-20T23:45:42","slug":"probate-code-1061","status":"publish","type":"page","link":"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/probate-code-1061\/","title":{"rendered":"Probate Code 1061"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l2of6myf-f5cfcc66c0749c992502364a50d4aa9b\">\n#top .av-special-heading.av-l2of6myf-f5cfcc66c0749c992502364a50d4aa9b{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-l2of6myf-f5cfcc66c0749c992502364a50d4aa9b .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-l2of6myf-f5cfcc66c0749c992502364a50d4aa9b .av-subheading{\nfont-size:22px;\n}\n<\/style>\n<div  class='av-special-heading av-l2of6myf-f5cfcc66c0749c992502364a50d4aa9b av-special-heading-h1 blockquote modern-quote  avia-builder-el-0  el_before_av_hr  avia-builder-el-first '><div class='av-subheading av-subheading_above'><p>California<\/p>\n<\/div><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >Probate Code &#8211; PROB \u00a7 1061<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-3a876428eececa9d35452247ddb053af\">\n#top .hr.hr-invisible.av-av_hr-3a876428eececa9d35452247ddb053af{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-av_hr-3a876428eececa9d35452247ddb053af hr-invisible  avia-builder-el-1  el_after_av_heading  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-av_textblock-e878f05c31dff72941bf1e49a00d9ff5 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p><a href=\"https:\/\/crowdsourcelawyers.com\/\">CrowdSourceLawyers.com<\/a><\/p>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-avia_sc_search-4ee94ae86cde3b232e718bb4ac84e6ad\">\n#top .avia_search_element.av-avia_sc_search-4ee94ae86cde3b232e718bb4ac84e6ad .av_searchform_wrapper{\nborder-color:#edae44;\nbackground-color:#edae44;\n}\n#top .avia_search_element.av-avia_sc_search-4ee94ae86cde3b232e718bb4ac84e6ad #s.av-input-field{\ncolor:#edae44;\n}\n#top .avia_search_element.av-avia_sc_search-4ee94ae86cde3b232e718bb4ac84e6ad .av-input-field-icon.av-search-icon{\ncolor:#edae44;\n}\n#top .avia_search_element.av-avia_sc_search-4ee94ae86cde3b232e718bb4ac84e6ad .av-input-field-icon.av-search-icon.avia-svg-icon svg:first-child{\nfill:#edae44;\nstroke:#edae44;\n}\n#top .avia_search_element.av-avia_sc_search-4ee94ae86cde3b232e718bb4ac84e6ad #searchsubmit{\nbackground-color:#edae44;\n}\n#top .avia_search_element.av-avia_sc_search-4ee94ae86cde3b232e718bb4ac84e6ad .av_searchsubmit_wrapper{\nbackground-color:#edae44;\n}\n<\/style>\n<div  class='avia_search_element av-avia_sc_search-4ee94ae86cde3b232e718bb4ac84e6ad  avia-builder-el-3  el_after_av_textblock  el_before_av_hr '><search><form action='https:\/\/crowdsourcelawyers.com\/california-statutes\/' id='searchform_element' method='get' class='' data-element_id='av-avia_sc_search-4ee94ae86cde3b232e718bb4ac84e6ad' ><div class='av_searchform_wrapper'><input type='search' value='' id='s' name='s' placeholder='Search CA statutes' aria-label='Search CA statutes' class='av-input-field ' required \/><div class='av_searchsubmit_wrapper '><input type='submit' value='Find' id='searchsubmit' class='button ' title='View results on search page' aria-label='View results on search page' \/><\/div><input type='hidden' name='numberposts' value='10' \/><input type='hidden' name='results_hide_fields' value='' \/><\/div><\/form><\/search><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-3a876428eececa9d35452247ddb053af\">\n#top .hr.hr-invisible.av-av_hr-3a876428eececa9d35452247ddb053af{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-av_hr-3a876428eececa9d35452247ddb053af hr-invisible  avia-builder-el-4  el_after_avia_sc_search  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-l2of903n-3c8f16542afb4817b6dec97978b4d858 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><div class=\"row\">\n<div class=\"subsection\"><\/div>\n<div class=\"subsection\">\n<div class=\"subsection\">\n<p>(a)\u2002All accounts shall state the period covered by the account and contain a summary showing all of the following, to the extent applicable:<\/p>\n<div class=\"subsection\">\n<p>(1)\u2002The property on hand at the beginning of the period covered by the account, which shall be the value of the property initially received by the fiduciary if this is the first account, and shall be the property on hand at the end of the prior account if this is a subsequent account.<\/p>\n<\/div>\n<div class=\"subsection\">\n<p>(2)\u2002The value of any assets received during the period of the accounting which are not assets on hand as of the commencement of the administration of an estate.<\/p>\n<\/div>\n<div class=\"subsection\">\n<p>(3)\u2002The amount of any receipts of income or principal, excluding items listed under paragraphs (1) and (2) or receipts from a trade or business.<\/p>\n<\/div>\n<div class=\"subsection\">\n<p>(4)\u2002Net income from a trade or business.<\/p>\n<\/div>\n<div class=\"subsection\">\n<p>(5)\u2002Gains on sales.<\/p>\n<\/div>\n<div class=\"subsection\">\n<p>(6)\u2002The amount of disbursements, excluding disbursements for a trade or business or distributions.<\/p>\n<\/div>\n<div class=\"subsection\">\n<p>(7)\u2002Loss on sales.<\/p>\n<\/div>\n<div class=\"subsection\">\n<p>(8)\u2002Net loss from trade or business.<\/p>\n<\/div>\n<div class=\"subsection\">\n<p>(9)\u2002Distributions to beneficiaries, the ward or conservatee.<\/p>\n<\/div>\n<div class=\"subsection\">\n<p>(10)\u2002Property on hand at the end of the accounting period, stated at its carry value.<\/p>\n<\/div>\n<\/div>\n<div class=\"subsection\">\n<p>(b)\u2002The summary shall be in a format substantially the same as the following, except that inapplicable categories need not be shown:<\/p>\n<div class=\"responsive_table\">\n<table>\n<tbody>\n<tr>\n<td width=\"100.0%\">\n<div class=\"quadding-c\">SUMMARY OF ACCOUNT<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">CHARGES:<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\"><\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">Property on hand at beginning of account (or Inventories)<\/td>\n<td width=\"2.7%\">$<\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">Additional property received (or Supplemental Inventories)<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">Receipts (Schedule ________)<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">Gains on Sale or Other Disposition<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">(Schedule ________)<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">Net income from trade or business<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">(Schedule ________)<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\"><\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">\u2003\u2003\u2003Total Charges:<\/td>\n<td width=\"2.7%\">$<\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\"><\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">CREDITS:<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\"><\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">Disbursements (Schedule ________)<\/td>\n<td width=\"2.7%\">$<\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">Losses on Sale or Other Disposition<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">(Schedule ________)<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">Net loss from trade or business<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">(Schedule ________)<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">Distributions (Schedule ________)<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">Property on hand at close of account<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">(Schedule ________)<\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\"><\/td>\n<td width=\"2.7%\"><\/td>\n<td width=\"26.8%\"><\/td>\n<\/tr>\n<tr>\n<td width=\"70.5%\">\u2003\u2003\u2003Total Credits:<\/td>\n<td width=\"2.7%\">$<\/td>\n<td width=\"26.8%\">__________________________<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class=\"subsection\">\n<p>(c)\u2002Total charges shall equal total credits.<\/p>\n<\/div>\n<div class=\"subsection\">\n<p><span class=\"added-material\">(d)\u2002For purposes of this section, the terms \u201cnet income\u201d and \u201cnet loss\u201d shall be utilized in accordance with general accounting principles. \u2002Nothing in this section is intended to require that the preparation of the summary must include \u201cnet income\u201d and \u201cnet loss\u201d as reflected in the tax returns governing the period of the account.<\/span><\/p>\n<\/div>\n<p><br class=\"avia-permanent-lb\" \/><br class=\"avia-permanent-lb\" \/><\/p>\n<\/div>\n<\/div>\n<hr \/>\n<p><a href=\"https:\/\/crowdsourcelawyers.com\/\">CrowdSourceLawyers.com<\/a><\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":0,"parent":2019,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2719","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Probate Code 1061 - California Statutes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/probate-code-1061\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Probate Code 1061 - California Statutes\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/probate-code-1061\/\" \/>\n<meta property=\"og:site_name\" content=\"California Statutes\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-20T23:45:42+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/california-statutes\\\/probate-code-1061\\\/\",\"url\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/california-statutes\\\/probate-code-1061\\\/\",\"name\":\"Probate Code 1061 - California Statutes\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/#website\"},\"datePublished\":\"2022-05-02T07:50:15+00:00\",\"dateModified\":\"2022-05-20T23:45:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/california-statutes\\\/probate-code-1061\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/california-statutes\\\/probate-code-1061\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/california-statutes\\\/probate-code-1061\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/california-statutes\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"California Statutes\",\"item\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/california-statutes\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Probate Code 1061\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/#website\",\"url\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/\",\"name\":\"California Statutes\",\"description\":\"California Statutes\",\"publisher\":{\"@id\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/#organization\",\"name\":\"CrowdSource Lawyers\",\"url\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"\",\"contentUrl\":\"\",\"caption\":\"CrowdSource Lawyers\"},\"image\":{\"@id\":\"https:\\\/\\\/crowdsourcelawyers.com\\\/california-statutes\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Probate Code 1061 - California Statutes","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/probate-code-1061\/","og_locale":"en_US","og_type":"article","og_title":"Probate Code 1061 - California Statutes","og_url":"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/probate-code-1061\/","og_site_name":"California Statutes","article_modified_time":"2022-05-20T23:45:42+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/probate-code-1061\/","url":"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/probate-code-1061\/","name":"Probate Code 1061 - California Statutes","isPartOf":{"@id":"https:\/\/crowdsourcelawyers.com\/california-statutes\/#website"},"datePublished":"2022-05-02T07:50:15+00:00","dateModified":"2022-05-20T23:45:42+00:00","breadcrumb":{"@id":"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/probate-code-1061\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/probate-code-1061\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/probate-code-1061\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/"},{"@type":"ListItem","position":2,"name":"California Statutes","item":"https:\/\/crowdsourcelawyers.com\/california-statutes\/california-statutes\/"},{"@type":"ListItem","position":3,"name":"Probate Code 1061"}]},{"@type":"WebSite","@id":"https:\/\/crowdsourcelawyers.com\/california-statutes\/#website","url":"https:\/\/crowdsourcelawyers.com\/california-statutes\/","name":"California Statutes","description":"California Statutes","publisher":{"@id":"https:\/\/crowdsourcelawyers.com\/california-statutes\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/crowdsourcelawyers.com\/california-statutes\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/crowdsourcelawyers.com\/california-statutes\/#organization","name":"CrowdSource Lawyers","url":"https:\/\/crowdsourcelawyers.com\/california-statutes\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/crowdsourcelawyers.com\/california-statutes\/#\/schema\/logo\/image\/","url":"","contentUrl":"","caption":"CrowdSource Lawyers"},"image":{"@id":"https:\/\/crowdsourcelawyers.com\/california-statutes\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/crowdsourcelawyers.com\/california-statutes\/wp-json\/wp\/v2\/pages\/2719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crowdsourcelawyers.com\/california-statutes\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/crowdsourcelawyers.com\/california-statutes\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/crowdsourcelawyers.com\/california-statutes\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdsourcelawyers.com\/california-statutes\/wp-json\/wp\/v2\/comments?post=2719"}],"version-history":[{"count":1,"href":"https:\/\/crowdsourcelawyers.com\/california-statutes\/wp-json\/wp\/v2\/pages\/2719\/revisions"}],"predecessor-version":[{"id":2729,"href":"https:\/\/crowdsourcelawyers.com\/california-statutes\/wp-json\/wp\/v2\/pages\/2719\/revisions\/2729"}],"up":[{"embeddable":true,"href":"https:\/\/crowdsourcelawyers.com\/california-statutes\/wp-json\/wp\/v2\/pages\/2019"}],"wp:attachment":[{"href":"https:\/\/crowdsourcelawyers.com\/california-statutes\/wp-json\/wp\/v2\/media?parent=2719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}