Form AOC-E-506 "Account" - North Carolina

What Is Form AOC-E-506?

Form AOC-E-506, Account, is used to take account of an estate in the state of North Carolina. This document was last revised on May 1, 2019, and is released by the North Carolina Court System. A fillable NC Court Form AOC-E-506 is available for download below.

Alternate Name:

  • NC Estate Account Form.

The NC Estate Account Form is used to calculate all assets that would then be distributed as an inheritance. This form is necessary for assessing all property and funds of an estate and accounting for any outstanding debts or loans that must be paid. Before an inheritance can be paid to the survivors, this accounting must take place and can help mitigate disputes between beneficiaries.

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Form AOC-E-506 Instructions

The NC Estate Account Form begins with an introductory section asking for the name the estate belongs to, if the AOC-E-506 Form is accounting for the annual or final numbers, the accounting period, and the date of death.

  1. The first part asks for the subtotal for personal property in regards to inventory or subtotal personal property that is held or invested as shown in the last account taken and then subtracting the losses due to personal property that is compared to values ​​listed in the inventory or prior account (s).
  2. The second part asks for the balance held or invested and is completed only when you are filing an Annual Account where assets remaining in the Estate. This section will also require that these figures be sworn or affirmed, and subscribed and notarized.
  3. The third part asks for receipts and acts as a continuation of part two. There are several notes to mention when listing receipts such as:
    • Rent accrued from real property is not willed to the Estate that goes to the heir is not a receipt of the Estate:
    • Loans to the Estate used for paying claims need to be listed in this part:
    • If a sale of personal property that results in a monetary gain over the value that is listed on the Inventory in AOC-E-505 then the amount is listed as a receipt:
    • Changes in the value of items that have not been sold are not listed as a receipt:
    • And if there is any real property that has not been willed to the estate that has been sold under a special proceeding to create assets that are then used to pay claims of the Estate is reported as a receipt but only for the portion of the proceeds that were received from the Commissioners.
  4. The fourth part asks for disbursements such as debts or administrative expenses. There are several notes to mention when listing disbursements such as disbursements are defined as expenditures of and for the Estate and therefore do not include expenses in relation to real property that is not willed to the Estate.
  5. The fifth part asks for distributions that will be given to the heirs and will require detailed proof of delivery or distribution of funds to ensure inheritances were properly received.
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Download Form AOC-E-506 "Account" - North Carolina

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STATE OF NORTH CAROLINA
File No.
In The General Court Of Justice
County
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
Adult Ward
Trust
I, the undersigned representative, being first 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.
NOTE: If Date Of Death is prior to January 1, 2013,
Accounting Period From
Extending To
Date Of Death
do not use this version of the form. Instead,
use the Rev. 12/17 version of the form.
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
(Include or attach explanation.)
$
3. 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 filing Final Account, this should equal zero.)
$
PART II. BALANCE HELD OR INVESTED
(Complete ONLY when filing 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 Commission Expires
Date Commission Expires
Notary
Notary
County Where Notarized
County Where Notarized
SEAL
SEAL
OUTCOME OF AUDIT BY CLERK AND ORDER
Bond?
Yes, reviewed.
Not applicable.
The above account has been audited by me and the vouchers or verified proofs submitted in support were examined. The account
is
approved
disapproved
.
As this is the final account, the fiduciary is discharged.
Date
Signature
Assistant CSC
Clerk Of Superior Court
AOC-E-506, Rev. 5/19
(Over)
© 2019 Administrative Office of the Courts
STATE OF NORTH CAROLINA
File No.
In The General Court Of Justice
County
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
Adult Ward
Trust
I, the undersigned representative, being first 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.
NOTE: If Date Of Death is prior to January 1, 2013,
Accounting Period From
Extending To
Date Of Death
do not use this version of the form. Instead,
use the Rev. 12/17 version of the form.
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
(Include or attach explanation.)
$
3. 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 filing Final Account, this should equal zero.)
$
PART II. BALANCE HELD OR INVESTED
(Complete ONLY when filing 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 Commission Expires
Date Commission Expires
Notary
Notary
County Where Notarized
County Where Notarized
SEAL
SEAL
OUTCOME OF AUDIT BY CLERK AND ORDER
Bond?
Yes, reviewed.
Not applicable.
The above account has been audited by me and the vouchers or verified proofs submitted in support were examined. The account
is
approved
disapproved
.
As this is the final account, the fiduciary is discharged.
Date
Signature
Assistant CSC
Clerk Of Superior Court
AOC-E-506, Rev. 5/19
(Over)
© 2019 Administrative Office 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
$
NOTE:
Sum Total From Attachment(s), If Any
III
The AOC-E-506 Part
Continuation may be used as an attachment.
$
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 Disbursed To
Description
Amount Or Value
$
NOTE:
Sum Total From Attachment(s), If Any
IV
The AOC-E-506 Part
Continuation may be used as an attachment.
$
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
$
NOTE:
Sum Total From Attachment(s), If Any
V
The AOC-E-506 Part
Continuation may be used as an attachment.
$
TOTAL PART V.
$
AOC-E-506, Side Two, Rev. 5/19
© 2019 Administrative Office of the Courts
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