Form PC-246 at a glance
What it is: PC-246 is the Financial Report for a Decedent's Estate that a fiduciary may use instead of filing a final account.
Who signs: Each fiduciary who signs this financial report signs as Signature of Fiduciary.
What to bring and attach to Form PC-246
Attach supporting schedules if necessary to provide additional details or explanatory notes.
A filled-in Form PC-246 example: a fiduciary reports the estate's assets and income
How to fill out Form PC-246, box by box
The court, the estate and the fiduciary
Write the Probate Court Name and the District Number.
Fill in Estate of.
Under Fiduciary, list name, address and telephone number of each fiduciary.
Assets and Income Received
Under Assets and Income Received, enter the Total amount reported on the inventory and the Total amount of additional assets received.
Under Income received, enter the Interest, Dividends and Rent, then Other (Specify and attach second sheet if necessary.) and the Net amount of gain (or loss) on the sale of assets; if real property has been sold, attach copy of settlement statement from closing.
Enter the Total of Assets and Income Received.
Cash advanced to the estate
If cash was advanced to the estate to pay claims and expenses, write by whom and the $, then indicate if there is an expectation of reimbursement: Yes or No.
Payments: Funeral Expenses and Administration Expenses
Under Payments, enter the Funeral Expenses.
Under Administration Expenses, enter the Fiduciary fees, Fiduciary disbursements, Attorney's fees, Attorney's disbursements, Accounting expenses, Probate court fees and expenses, Probate bond premium, Publication of notices and Other expenses (Specify and attach second sheet if necessary.)
Taxes and the Total amount of claims
Under Taxes, enter the Town of Property Tax, the State of Connecticut Income Tax and Estate Tax, and the Internal Revenue Service Income Tax and Estate Tax.
Enter the Total amount of claims as reported on PC-237, Return of Claims and List of Notified Creditors.
Enter the Total under Payments.
Distributions Already Made
Under Distributions, except as provided in section 37.4 of the Probate Court Rules of Procedure, distributions must be itemized and listed at fair market value on the date of distribution.
Under Distributions Already Made as of the Date of this Financial Report, write the Name of Distributee, the Assets Distributed and the Fair Market Value.
Under Distributions Already Made, if decedent had a will, specify section providing for distribution.
For Distributions, attach second sheet if necessary.
Proposed Distributions
Under Proposed Distributions, write the Name of Distributee, the Assets to be Distributed and the Fair Market Value.
Under Proposed Distributions, if decedent had a will, specify section providing for distribution.
Reserve (if any)
Fill in Reserve (if any).
Issuance of a certificate
If the fiduciary requests the issuance of a certificate to record the distribution of real property on the land records, mark the box.
Each fiduciary requests: (1) approval of this financial report; (2) approval of any proposed distribution; and (3) release from liability, pursuant to C.G.S. § 45a-176, with respect to all items shown in this financial report.
The signatures
Sign at SIGN as Signature of Fiduciary, then write the Type or Print Name and the Date.
The representations contained in this financial report are made under the penalties of false statement.
Certification
The fiduciary shall send a copy of this financial report to each party and attorney.
Under Certification, write the Name and Address of the persons to whom a copy of this financial report was sent.
Sign at SIGN as Signature of fiduciary or attorney, then write the Type or Print Name and the Date.
More rules for Form PC-246
Type or print the form in ink.
For further information, see the Probate Court Rules of Procedure, sections 37.1 and 37.4.
Each fiduciary who signs this financial report represents under penalties of false statement that the fiduciary has retained all supporting records for this financial report as required by the Probate Court Rules of Procedure, section 36.13, and the records are available for review on request.
Each fiduciary who signs also represents that all funeral expenses, taxes, expenses of administration and claims of creditors are shown and have been paid, and that all distributions listed have been or will be distributed.
Each fiduciary who signs also represents that the summary of the assets of the estate and the fiduciary's receipts, payments and distributions is true and complete.
Common questions about Form PC-246
When is this form not the right one?
A fiduciary may use this financial report instead of filing a final account for a decedent's estate unless: (a) the court has ordered the fiduciary to file an account; or (b) an account is required under the Probate Court Rules of Procedure, section 36.3.
Sources
[1] Form PC-246 (NEW 7/13), Financial Report, Decedent's Estate, Connecticut Probate Courts (the Official source link on this page).