Statement Of Account

There are all sorts of forms executors, beneficiaries, and probate court clerks have to fill out and correspond with during probate and estate settlement, including affidavits, letters, petitions, summons, orders, and notices.

Statement Of Account is a commonly used form within Yukon. Here’s an overview of what the form is and means, including a breakdown of the situations when (or why) you may need to use it:

Atticus Fast Facts About Statement Of Account

Sometimes it’s tough to find a quick summary— here’s the important details you should know about Statement Of Account:

• This form pertains to the State of Yukon

Government forms are not typically updated often, though when they are, it often happens rather quietly. While Atticus works hard to keep this information about Yukon’s Form Form 88 - Statement Of Account up to date, certain details can change from time-to-time with little or no communication.

Step 1 - Download the correct Yukon form based on the name and ID if applicable

Double check that you have both the correct form name and the correct form ID. Some Yukon probate forms can look remarkably similar, so it’s best to double, even triple-check that you’re using the right one! Keep in mind that not all States have a standardized Form ID system for their probate forms.

Step 2 - Complete the Document

Fill out all relevant fields in Form Form 88, take a break, and then review. Probate and estate settlement processes in YT are long enough to begin with, and making a silly error can push your timeline even farther back. No thank you!

Note: If you don’t currently know all of the answers and are accessing Form Form 88 online, be sure to avoid closing the browser tab and potentially losing all your progress (or use a platform like Atticus to help avoid making mistakes).

Step 3 - Have Form Form 88 witnessed or notarized (if required)

Some States and situations require particular forms to be notarized. If you have been instructed to get the document notarized or see it in writing on the document, then make sure to hire a local notary. There are max notary fees in the United States that are defined and set by local law. Take a look at our full guide to notary fees to make sure you aren’t overpaying or getting ripped off.

Step 4 - Submit Statement Of Account to the relevant office

This is most often the local probate court where the decedent (person who passed away) is domiciled (permanently resides) or the institution involved with this particular form (e.g. a bank). Some offices allow you to submit forms online, other’s don’t, and we while we generally recommend going in-person to expedite the process, sometimes that simply isn’t an option.

It’s also a generally good idea to establish a positive working relationship with any probate clerk (unfortunately there’s enough people & process out there making things more difficult and unnecessarily confusing for them), so a best practice is to simply ask the probate clerk proactively exactly how and where they’d prefer you to submit all forms.

Need help getting in touch with a local probate court or identifying a domicile probate jurisdiction?

👉 Find and Contact your Local Probate Court

👉 What is a Domicile Jurisdiction?

Sponsored by Atticus App

Need help with Yukon Probate?

Join all the other families who have trusted Atticus through probate, and experience the peace that comes from knowing you're taking the right steps, spending the least amount of money, and not wasting a single second.

Start for free

Different probate forms or processes can require different deadlines or response times for completing the appropriate form.

While some steps in the process are bound to specific deadlines (like petitioning for probate, having to submit an inventory of assets, or filing applicable notices to creditors and beneficiaries), many probate forms or processes are not tied to a specific deadline since the scope of work can vary based on situational factors or requirements involved.

Either way, there are a bunch of practical reasons why personal representatives should work to complete each step as thoroughly and quickly as possible when completing probate in Yukon.

5 reasons you should submit Form 88 as quickly as possible:

1. The sooner you begin, the faster Yukon can allow heirs and beneficiaries to get their share of assets subject to probate. Acting promptly can also decrease the costs & overall mental fatigue through an otherwise burdensome process.
   
   Helpful Context: What’s the Difference Between Probate and Non-Probate Assets?

2. In general, creditors of an estate usually have around 3-6 months from the time you file notice to creditors to file any claims for debt against the deceased’s assets. If they don’t, then that debt is forfeited (and more importantly, the executor won’t be held personally responsible). So doing this sooner means you have a better idea of who is owed what and ensures you won’t get a surprise collector months later.

3. Not filing a will within 30 days (on average) could mean that the probate process proceeds according to intestate laws (laws that govern what happens to someone's stuff without a will) or is subject to unnecessary supervision by the probate court. And if you aren't directly related to the deceased (a.k.a. next of kin), this could also mean you lose your inheritance.

4. It’s important to file any necessary state tax returns on behalf of the deceased or estate by the following tax season in Yukon. If you don’t, you could owe penalties and interest. This also includes any necessary federal tax returns such as Forms 1040, 1041, or even a Form 706 estate tax return.

5. If a house in the State of Yukon is left empty (or abandoned) for a while, insurance can get dicey. For example, if the house burns down and no one has been there for a year, an insurance company may get out of paying your claim.

If you’re not using Atticus to get specific forms, deadlines, and timelines for Yukon probate, then try and stay as organized as possible, pay close attention to the dates mentioned in any correspondence you have with the State’s government officials, call the local Yukon probate clerk or court for exact answers regarding Form Form 88, and when in doubt— consult a qualified trust & estates lawyer for that area.

Statement Of Account is one of the many probate court forms available for download through Atticus.

It may also be available through some Yukon probate court sites, such as . In order to access the latest version, be updated with any revisions, and get full instructions on how to complete each form, check out the Atticus Probate & Estate Settlement software or consider hiring a qualified legal expert locally within Yukon.

While Atticus automatically provides the latest forms, be sure to choose the correct version of Form Form 88 - Statement Of Account f using any other site or resource in order to avoid having to re-complete the form process and/or make another trip to the Yukon probate court office.

Statement Of Account is a .pdf, so opening it should be as simple as clicking “View Form” from within the Atticus app or by clicking the appropriate link found on any Yukon-provided government platform. Once you’ve opened the form, you should be able to directly edit the form before saving or printing.

Here’s the text, verbatim, that is found on Yukon Form Form 88 - Statement Of Account. You can use this to get an idea of the context of the form and what type of information is needed.

Form 88 S.C. No._________ (Rule 64(63)) SUPREME COURT OF YUKON ESTATE OF _____________________________________________, Deceased ALSO KNOWN AS_________________________________________________ STATEMENT OF ACCOUNT I, [name, address and occupation of applicant] _______________________________________________________________, MAKE OATH (OR SOLEMNLY AFFIRM) AND SAY THAT: 1.Attached as Exhibit “A” is a Statement of Account for the Estate of ________________________________________________________________. 2.The information set out in this Statement of Account is true and complete to the best of my knowledge. __________________________ Signature [Administrator] __________________________ Print Name [Administrator] Sworn/Affirmed before me at _______________ , in the Yukon, on this___ day of ____________, 20 __ _____________________________ A Notary Public In and For the Yukon Notary’s Name____________________ Office(position) ___________________ Expiry date: ______________________ STATEMENT OF ACCOUNT For the period from [insert commencement date] _________________________ to [effective date of this Statement of Account] ___________________________. 1.In this Statement of Account, the commencement date means: (a)the deceased’s date of death, or (b)if one or more statements of account have been filed in respect of the estate under Rule 64(63), the effective date of the most recent of those Statements of Account. 2.This Statement of Account consists of the following: (a)Statement of Assets and Liabilities of the Estate of __________________________________________________ as at [commencement date] _______________________________; (b)Statement of Capital Transactions of the Estate of ___________________________________________________; (c)Statement of Income Transactions of the Estate of ___________________________________________________; (d)Statement of Assets and Liabilities of the Estate of ___________________________________________________ as at [effective date] _____________________________________; (e)[include only if remuneration is sought at this time] Statement of Proposed Remuneration in relation to the Estate of ___________________________________________________; (f)Statement of Distribution of the Estate of ___________________________________________________; (g)Statement of Proposed Distribution of Residue of the Estate of ___________________________________________________. This is Exhibit “A” referred to in the affidavit of __________________ made before me at ________________, Yukon this ____ day of ________________, 20__. ____________________________________ A Notary Public In and For the Yukon STATEMENT OF ASSETS AND LIABILITIES AS AT [insert commencement date] _____________________________________ Item Assets [describe estate assets, or include that information in an attached Schedule and bring forward totals here] Asset Values [set out fair market value as at the effective date of this Statement of Account] A1 A2 Total asset values: Item Liabilities [describe liabilities of estate, or include that information in an attached Schedule and bring forward totals here] Liabilities [set out amount of liability as at commencement date] B1 B2 Total amount of liabilities: STATEMENT OF CAPITAL TRANSACTIONS For the period from [insert commencement date] __________________ to [insert effective date of this Statement of Account] ________________ Item Date [date of transac- tion] Transaction [describe transactions, or include that information in an attached Schedule and bring forward totals here] Debit Credit C1 C2 Total of debits: Total of credits: STATEMENT OF INCOME TRANSACTIONS For the period from [insert commencement date] __________________ to [insert effective date of this Statement of Account] ________________ Item Date [date of transaction] Transaction [describe transactions, or include that information in an attached Schedule and bring forward totals here] Debit Credit D1 D2 Total of debits: Total of credits: STATEMENT OF ASSETS AND LIABILITIES AS AT [insert effective date of this Statement of Account] _________________ Item Assets [describe each estate asset, or include that information in an attached Schedule and bring forward totals here] Asset Values [set out fair market value as at the effective date of this Statement of Account] E1 E2 Total asset values: Item Liabilities [describe each liability of estate, or include that information in an attached Schedule and bring forward totals here] Liabilities [set out amount of liability as at the effective date of this Statement of Account] F1 F2 Total amount of liabilities: STATEMENT OF PROPOSED REMUNERATION [complete if remuneration is sought at this time] Capital Fee (A) Proceeds of disposition of capital assets realized since the commencement date: $ (B) Market value of capital assets, realized or transferred since the commencement date, in respect of which no proceeds of disposition have been obtained: $ (C) Current value of unrealized capital assets included, on the commencement date, in the estate: $ (D) Gross aggregate value of capital assets of estate - [(A) + (B) + (C)] $ (E) Capital Fee: (D) x ____% [insert claimed percentage, up to a maximum of 5%] $ Income Fee (F) Gross income earned by the estate for period from [commencement date] _____________to [effective date of this Statement of Account] ________________ except interest income already capitalized and included in (D) $ (G) Income Fee: (F) x ____ % [insert claimed percentage, up to a maximum of 5%] $ Care and Management Fee [prepare one set of the following calculations for each reporting period following the commencement date, where a reporting period is each calendar year, or portion, from date of death to the date of final distribution] (H) Market value of estate assets as at the beginning of the reporting period $ (I) Market value of estate assets at the end of the reporting period $ (J) Average market value of estate assets for the reporting period [(H) + (I)] / 2 $ (K) Care and Management Fee for reporting period: [(J) x 0.4%] $ Total of Fees Claimed (L) Total remuneration sought - [(E) + (G) + (the total of every (K) determined for a reporting period following the commencement date) $ Specific Bequests and Legacies Item Distribution (Yes/No) Date of distribution Beneficiary Residue of Estate (R1)Market value of estate assets at effective date of this statement of account (R2)Applicant’s estimated reserve for final income tax accounting and legal costs and remuneration (R3)Distributable Estate (R1) - (R2) STATEMENT OF PROPOSED DISTRIBUTION OF RESIDUE Beneficiary [identify beneficiaries who receive assets or cash from residue] Assets [identify assets distributed to the named beneficiary and their market value] Cash [indicate amount of cash distributed to the named beneficiary] (Name) (Name) (Name) (Name) (Name)