Cal. Rules of Court, rule 7.550 · Chapter 12. Accounts and Reports of Executors, Administrators, Conservators, and Guardians
Effect of waiver of account
Text — As posted by the Judicial Council of California (read October 22, 2026)
(a) Waiver of account
Except as provided in (b), if an accounting is waived under Probate Code section 10954, the details of receipts and disbursements need not be listed in the report required under section 10954(c)(1).
(b) Information required in report on waiver of account
The report required when an account has been waived must list the information required by law, including information as to:
(1) Creditors' claims;
(2) Sales, purchases, or exchanges of assets;
(3) Changes in the form of assets;
(4) Assets on hand;
(5) Whether the estate is solvent;
(6) Detailed schedules of receipts and gains or losses on sale (where an amount other than the amount of the Inventory and Appraisal is used as a basis for calculating fees or commissions);
(7) Costs of administration (if reimbursement of these costs is requested);
(8) The amount of any fees or commissions paid or to be paid; and
(9) The calculation of such fees or commissions as described in rule 7.705.
Notes and commentary — not rule text
History
(Subd (a) amended effective January 1, 2007; adopted as part of unlettered subdivision; previously amended effective January 1, 2004.)
(Subd (b) amended effective July 1, 2025; adopted as part of unlettered subdivision; previously amended effective January 1, 2004, January 1, 2007, and January 1, 2020.)
Rule 7.550 amended effective July 1, 2025; adopted effective January 1, 2003; previously amended effective January 1, 2004, January 1, 2007, and January 1, 2020.
Source of truth
- Edition
- As posted by the Judicial Council of California (read October 22, 2026)
- Official file
- https://courts.ca.gov/cms/rules/index/seven/rule7_550
- Text hash
- sha256 c2aba88393ef192fb82e6e8d23e2750a150a0b09db86f5b9edc0e4e1c6d5adfe
- Composed by
- compose_crc.py 2026-10-22: the Judicial Council's rule pages read paragraph by paragraph; verify_crc.py's second reading of the Council's per-title PDFs finds every paragraph
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