Election Of Fiscal Year {E-514}

AOC-E-514 - ELECTION OF FISCAL YEAR. This form is used in North Carolina by personal representatives, collectors, trustees, or guardians of an estate or trust to officially select a fiscal year for accounting purposes. This selection must occur within 12 months of the decedent's death or the opening of the trust. The form specifies the dates for the fiscal year and includes notes on the timing of the election, compliance with legal requirements, and the necessity for annual account filings. The form must be approved by the Clerk of Superior Court, and any changes to the selected fiscal year require the clerk's permission. G.S. 28A-21-1; 35A-1264; 36C-2-209. www.FormsWorkflow.com