Rule 209. Guardians and trustees; final accounts; hearing; distribution discharge

(a) When a minor, under guardianship, arrives at the age of 21 years, or when for any reason a guardianship or trust terminates, the guardian or trustee shall file a final account under oath, showing for the period since the filing of his last intermediate account the facts required by section 1162 of Title 15 of the Virgin Islands Code, and the distribution of the trust property which the guardian or trustee proposes to make.

(b) At least 20 days before the day fixed for hearing of any final account, the guardian or trustee shall deliver to each beneficiary a copy of the account and a notice of the time and place of hearing, which shall be not earlier than 30 days after the account was filed. The notice shall inform the beneficiaries of the amount of compensation to be requested by the guardian or trustee and his attorney.

(c) If the court approves the final account, an order of distribution will be entered. The guardian or trustee shall thereupon make distribution in accordance with the order and within 30 days file a distribution account of the trust property which he has distributed and the receipts of the distributees. An order may then be entered discharging the guardian or trustee and releasing his sureties.--Added Dec. 17, 1976.