UTCR 9.170: FIDUCIARY DISCLOSURE IN ACCOUNTINGS

The narrative of an accounting shall specifically disclose and explain all of the following transactions during the accounting period unless previously approved by the court:

(1) All gifts.

(2) Transactions with a person or entity with whom the fiduciary has a relationship which could compromise or otherwise affect decisions made by the fiduciary. The disclosure shall include, but is not limited to, payment for goods, services, rent, reimbursement of expenses, and any other like transactions.

(3) Any payment for goods or services provided either:

(a) By a person who is not engaged in an established business of providing similar goods or services to the general public; or

(b) At a rate higher than that ordinarily charged to the general public.

(4) Fiduciary advancements and reimbursements to the fiduciary or others shall be included in a separate exhibit with a narrative explanation for the purpose of each advancement or reimbursement, with written proof of the amount and purpose included with the accounting.