Subchapter III. Accounting.
§ 20–721. Duty to account; supervised administration.
Except as provided in section 20-731 , a supervised personal representative shall prepare verified written accounts of the management and distribution of the decedent’s property at the times and in the manner prescribed in this subchapter. The personal representative shall file the account with a certificate that there has been mailed or delivered to all interested persons, within the previous 15 days, a copy of the account with a notice that the account will be filed on or before a stated date.
§ 20–722. Initial account; supervised administration.
A supervised personal representative’s initial account of the administration of the decedent’s property shall contain:
(a) the total value of property as shown in all inventories made prior to the date of the account;
(b) all receipts of the estate made prior to the date of the account;
(c) each purchase, sale, lease, transfer, compromise, settlement, disbursement and distribution of assets of the estate, a description of each such transaction, and a statement of the amount by which it affects the amounts referred to in paragraphs (a) and (b); and
(d) the value of any remaining assets in the possession or control of the personal representative.
§ 20–723. Subsequent account; supervised administration.
After an initial account has been rendered, subsequent accounts, whether filed by the same supervised personal representative or by a successor, shall contain:
(a) the value of any assets in the possession or control of the personal representative as shown in the previous account;
(b) the value of assets as shown in any inventory made since the previous account;
(c) all receipts of the estate since the date of the previous account;
(d) each purchase, sale, lease, transfer, compromise, settlement, disbursement and distribution of assets since the previous account, a description of each such transaction, and a statement of the amount by which it affects the amounts referred to in paragraphs (a), (b), and (c); and
(e) the value of any remaining assets in the possession or control of the personal representative.
§ 20–724. When to render accounts; supervised administration.
(a) General. — Except as provided in section 20-731, a supervised personal representative shall render accounts:
(1) within one year and one day of the first publication of notice pursuant to section 20-704;
(2) within 9 months after the account referred to in paragraph (1) of this subsection and within 9 months of each subsequent account until the filing of the final account or the termination of the supervised personal representative’s appointment;
(3) upon termination of the supervised personal representative’s appointment, as provided in subchapter III of Chapter 5; and
(4) at such other times as may be ordered by the Court.
(b) Extensions. — Upon written application of the supervised personal representative stating reasons for the request, the Court may, for good cause shown, extend the time for rendering an account to a specified date.
§ 20–725. Failure to render account.
A supervised personal representative may be removed as provided in section 20-527 upon failure to file an account or the accompanying certificate as required by section 20-721 .
§ 20–726. Exceptions to account; supervised administration.
Any interested person may file an exception to an account with the Register within 30 days of the filing of the account. Such person shall mail a copy of the exception to the personal representative.
