Form Aoc E 506 PDF Details

The task of administering an estate after a loved one's passing is both a significant responsibility and a complex legal process, involving meticulous documentation and adherence to state laws and procedures. In North Carolina, the AOC-E-506 form plays a pivotal role in this intricate ballet of legal formalities, serving as both an annual and final accounting statement that executors and administrators must complete. It provides a structured framework for reporting the financial activities related to the estate, including the collection of assets, payment of debts, and distribution of the remaining estate to heirs or designated beneficiaries. Specifically tailored to meet the requirements set by the General Statutes of North Carolina, the form requests detailed information on receipts, disbursements, and the balance of assets within the estate, ensuring a transparent and accountable management process. Furthermore, the form is designed to be submitted to the Superior Court Division, signifying the state's oversight into the fair and lawful administration of estates, with spaces dedicated to notarization and judicial approval to ensure the legitimacy and accuracy of the reported information. This process, underscored by the submission of the AOC-E-506 form, highlights the structured yet considerate approach taken by the state of North Carolina to guide executors and administrators through the daunting task of estate management, reassuring them of a clear path toward fulfilling their duties with integrity and in accordance with the law.

QuestionAnswer
Form NameForm Aoc E 506
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesstate of north carolina form aoc e 506, nc court forms aoc e 506, aoc e 506 form, aoc estate forms

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STATE OF NORTH CAROLINA

County

File No.

In The General Court Of Justice

Superior Court Division

Before The Clerk

 

IN THE MATTER OF THE ESTATE OF:

 

 

 

ACCOUNT

 

Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANNUAL

 

FINAL

 

 

 

 

 

 

 

 

 

G.S. 28A-21-1, -21-2, -21-3, -23-1; 35A-1264, -1266

 

Deceased

Minor

 

 

Incompetent

Trust

 

 

 

 

 

 

 

 

 

I, the undersigned representative, being irst duly sworn, say that the following is a complete and accurate account of my receipts,

disbursements and other transactions as representative of this estate or trust.

 

 

 

 

 

 

Accounting Period From

 

 

 

 

 

 

Extending To

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PART I. SUMMARY

 

 

 

 

 

 

1.

Subtotal Personal Property on Inventory or Subtotal Personal Property Held/Invested as Shown on Last Account

$

2.

Minus Loss from Sale of Personal Property when Compared to Value Listed on Inventory or Prior Account

 

3.

(Include or attach explanation.)

 

 

 

 

 

 

 

 

 

–

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL

 

 

 

 

 

 

 

 

 

 

 

 

$

4.

Plus Total Receipts as Shown on Reverse [Part III.]

(costs apply to this amount)

 

 

 

+

$

5.

TOTAL ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

$

6.

Minus Disbursements (Debts or Expenses) as Shown on Reverse [Part IV.]

 

 

 

 

–

$

7.

SUBTOTAL

 

 

 

 

 

 

 

 

 

 

 

 

$

8.

Minus Distributions (Inheritance to Heirs) as Shown on Reverse [Part V.]

 

 

 

 

–

$

9.

BALANCE AT END OF ACCOUNTING PERIOD (When iling Final Account, this should equal zero.)

 

 

$

 

 

 

 

 

PART II. BALANCE HELD OR INVESTED

 

 

 

 

(Complete ONLY when iling an Annual Account with assets remaining in the Estate.)

 

 

 

 

 

 

1.

On Deposit in Banks, etc.

 

 

 

 

 

 

 

 

Account No.

Balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2.

Invested in Securities, etc.

 

 

 

 

 

 

 

$

3.

Tangible Personal Property

 

 

 

 

 

 

 

$

4.

SUBTOTAL - PERSONAL PROPERTY

 

 

 

 

 

 

 

$

5.

Real Estate Willed to the Estate and Not Sold (fair market value at date of death)

 

$

 

 

 

 

6.

Real Estate Acquired by the Estate Under G.S. 28A-15-1

 

 

 

 

 

$

7.

Other

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

TOTAL BALANCE HELD OR INVESTED (Must equal Balance shown in Part I. above)

$

Name And Address Of Fiduciary

Change Of Address

 

Name And Address Of Co-Fiduciary

Change Of Address

Signature Of Fiduciary

Title

Signature Of Co-Fiduciary

Title

 

 

 

 

SWORN/AFFIRMED AND SUBSCRIBED TO BEFORE ME

SWORN/AFFIRMED AND SUBSCRIBED TO BEFORE ME

 

 

 

 

 

 

Date

 

Signature Of Person Authorized To Administer Oaths

Date

Signature Of Person Authorized To Administer Oaths

 

 

 

 

 

 

 

 

 

Deputy CSC

Assistant CSC

Clerk Of Superior Court

Deputy CSC

Assistant CSC

Clerk Of Superior Court

 

 

 

 

 

 

 

 

 

Date My Commission Expires

 

Date My Commission Expires

 

 

Notary

 

 

 

 

 

 

 

Notary

 

 

 

 

 

 

 

 

SEAL

County Where Notarized

 

County Where Notarized

 

 

SEAL

 

 

 

 

 

 

 

 

 

 

 

 

The above account has been audited by me and the vouchers or veriied proofs submitted in support were examined. The account

is

approved

disapproved.

 

 

 

 

 

As this is the inal account, the personal representative is discharged in accordance with G.S. 28A-23-1.

 

 

Date

Signature

Assistant CSC

Clerk Of Superior Court

AOC-E-506, Rev. 7/14

(Over)

© 2014 Administrative Ofice of the Courts

PART III. RECEIPTS

NOTES: 1. Rent from real property not willed to the estate goes to the heirs and is not a receipt of the estate.

2.List loans to the estate for the purpose of paying claims.

3.If a sale of personal property results in a gain over the value listed on the Inventory (AOC-E-505), list the gain as a receipt. If a sale results in a loss as compared to the value listed on the Inventory, report the loss on Side One, Part I of this form.

4.Do not report, as a receipt, changes in value (when compared to the value listed in the Inventory) of items which have not been sold.

5.If any real property willed to the estate has been sold, report the entire proceeds as a receipt.

6.If any real property not willed to the estate has been sold in a special proceeding to create assets with which to pay claims of the estate, report as a receipt only that portion of the proceeds received from the Commissioners (the balance not needed to pay claims of the estate is distributed in the special proceeding).

Date

Received From

Description

Amount Or Value

$

Total From Attachment, If Any $

TOTAL PART III. $

PART IV. DISBURSEMENTS (Debts or Administrative Expenses)

NOTES: 1. Disbursements are expenditures of and for the estate and do not include expenses regarding real property not willed to the estate.

2.List payments to creditors out of loans to the estate, or reimbursements by the estate to persons who had directly paid creditors of the estate.

3.Provide copies of receipts, cancelled or imaged checks, or other satisfactory detailed proof of payments.

Date

Paid Or Distributed To

Description

Amount Or Value

$

Total From Attachment, If Any $

TOTAL PART IV. $

PART V. DISTRIBUTIONS (Inheritance to Heirs)

NOTES: 1. Provide copies of receipts, cancelled or imaged checks, or other satisfactory detailed proof of delivery or distribution.

2.Attach itemized description of unrealized gains or losses or assets not sold but distributed. Do not include unrealized gain or loss amounts in Total Part V.

Date

Distributed To

Amount

$

Total From Attachment, If Any $

TOTAL PART V. $

AOC-E-506, Side Two, Rev. 7/14

© 2014 Administrative Ofice of the Courts

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nc aoc e 506 spaces to complete

Complete the SUBTOTAL Plus Total Receipts as, PART II BALANCE HELD OR INVESTED, Complete ONLY when iling an Annual, Account No, Invested in Securities etc, TOTAL BALANCE HELD OR INVESTED, Balance, Name And Address Of Fiduciary, Change Of Address, Name And Address Of CoFiduciary, Change Of Address, Signature Of Fiduciary, Title, Signature Of CoFiduciary, and Title fields with any particulars that may be requested by the platform.

nc aoc e 506 SUBTOTAL Plus Total Receipts as, PART II BALANCE HELD OR INVESTED, Complete ONLY when iling an Annual, Account No, Invested in Securities etc, TOTAL BALANCE HELD OR INVESTED, Balance, Name And Address Of Fiduciary, Change Of Address, Name And Address Of CoFiduciary, Change Of Address, Signature Of Fiduciary, Title, Signature Of CoFiduciary, and Title fields to insert

Point out the crucial information on the Date, Signature Of Person Authorized To, Date, Signature Of Person Authorized To, Deputy CSC, Assistant CSC, Clerk Of Superior Court, Deputy CSC, Assistant CSC, Clerk Of Superior Court, Date My Commission Expires, Date My Commission Expires, Notary, SEAL, and County Where Notarized section.

part 3 to entering details in nc aoc e 506

The Date, Received From, Description, Amount Or Value, PART IV DISBURSEMENTS Debts or, Total From Attachment If Any TOTAL, NOTES Disbursements are, List payments to creditors out of, Provide copies of receipts, Date, Paid Or Distributed To, Description, Amount Or Value, and Total From Attachment If Any TOTAL box is going to be place to place the rights and responsibilities of all sides.

step 4 to finishing nc aoc e 506

End by looking at the next fields and completing them as needed: PART V DISTRIBUTIONS Inheritance, Total From Attachment If Any TOTAL, NOTES Provide copies of receipts, Attach itemized description of, Total Part V, Date, Distributed To, Amount, AOCE Side Two Rev, and Total From Attachment If Any TOTAL.

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