Statutory Accounting Balance Equation
Under Florida Probate Rule 5.346, every fiduciary accounting must include a Summary Schedule where total charges equal total credits:
Starting Inventory + Schedule A (Receipts) + Schedule C (Capital Gains) = Schedule B (Disbursements) + Schedule C (Capital Losses) + Schedule D (Distributions) + Schedule E (Assets on Hand)
1. Starting Estate Inventory
Value of non-exempt probate assets as reported on Initial Inventory (§ 733.604).
2. Summary of Charges (Additions)
Refunds, liquidated accounts, posthumous settlements.
Dividends, interest, rental income received during administration.
Amount realized exceeding carrying inventory value on asset sales.
3. Summary of Credits (Subtractions & Distributions)
Court filing fees, appraisal fees, fiduciary attorney compensation, PR commissions.
Debts paid in order of priority under Fla. Stat. § 733.707.
Carrying value exceeding sale price.
Prior disbursements or partial advancements made to heirs.
4. Ending Balance
Sum of remaining estate bank accounts, unsold securities, and property carrying values.
Reconciliation Status: Pending
Total Charges (Accountability):
$0.00
Total Credits (Disbursements + Distributions):
$0.00
Expected Assets on Hand (Schedule E Target):
$0.00
Reported Assets on Hand (Schedule E Actual):
$0.00
Discrepancy (Out of Balance):
$0.00