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PG-225, the Conservatorship Annual Report

Alaska’s yearly report from a conservator. Its money figures are annual totals, not a transaction list.

By Fidura staff. Last reviewed .

Who files
Every conservator, of an adult or a minor
A guardian with a conservator’s powers files PG-210 instead.
When it’s due
30 days after the reporting period ends
PG-415 ¶5.c (opens in a new tab)
Where
The superior court location that appointed you
A copy goes to the protected person and the others the form lists.
The form
Form PG-225
The court’s copy (PDF) (opens in a new tab)

The period starts on the 1st of the month your order was signed, unless the order sets other dates. PG-415 ¶5.c (opens in a new tab)

What you need

Have last year’s report or the implementation report and inventory, and every statement for the period. Probate Rule 17(g)(1) asks for total assets and debts at the beginning and end of the calendar year. The form asks only for the end of your reporting period, so last year’s report supplies the start. Probate Rule 17(g)(1) (opens in a new tab)

The example follows Gunnar Lindqvist, an invented protected person. His order was signed in April, so this report covers 04/01/2025 to 03/31/2026 and was due 04/30/2026.

Subtract total debts from total assets

Section F lists income and expenses as totals for the 12 months. Assets and debts are what stood on the last day. F.7 subtracts total debts from total assets to give the net estate value.

Gunnar Lindqvist, invented protected person · section F.7
Total assets (section 5)$30,685.80
Total debts (section 6)185.40
Net estate value$30,500.40

The schedules

F.1, annual income
Social Security, $1,412.00 × 12$16,944.00
Pension, $310.00 × 123,720.00
Alaska Permanent Fund Dividend1,000.00
Dividends/interest214.36
Total annual income$21,878.36
F.2, annual expenses
Assisted living, $1,450.00 × 1217,400.00
Medication612.48
Personal allowance, $50.00 × 12600.00
Clothing318.20
Insurance premiums216.00
Total annual expenses$19,146.68
F.5, assets on 03/31/2026
Checking3,421.44
Savings14,464.36
Burial account6,000.00
2014 car6,800.00
Total assets$30,685.80

Section 6 holds one debt: a $185.40 clinic bill still owed on 03/31/2026. It is not an expense until it is paid.

It should reconcile within the year

The form’s instructions say the report “should reconcile within the year, as well as from year to year.” It prints no line that checks this, so do it yourself: last year’s money plus income, less expenses, is this year’s money.

Gunnar Lindqvist · money in his accounts
Checking, savings and burial account on 03/31/2025$21,154.12
Plus total annual income21,878.36
Less total annual expenses19,146.68
Checking, savings and burial account on 03/31/2026$23,885.80

His conservator moved $3,000.00 from checking to savings. That is neither income nor an expense. It goes in 5.h as a transfer between accounts.

Last year’s net estate value was $28,654.12. It rose $1,846.28, not the $2,731.68 his money grew. The car lost $700.00 in value and the clinic bill is unpaid.

Statements to attach

Attach 12 months of bank statements that match the reporting period. An account whose only activity was interest needs only the latest statement. So do brokerage, retirement, life insurance and burial accounts, and a Native Corporation dividend account.

Attach receipts for any reimbursement to yourself and for any unusual accounting item.

After you file

The court reviews the report within 30 days. It sends an approval letter or a deficiency notice, which you answer on PG-360. Every third year the court may also send a visitor to review the conservatorship. AS 13.26.515(b) (opens in a new tab)

The final report

When the conservatorship ends, for any reason including the protected person’s death, file PG-230 within 90 days. It runs from the end of the last annual period to the end of your service, and lists what you released and to whom. Probate Rule 17(h) (opens in a new tab)

You are not fully discharged until the court accepts that final account after notice to all parties and a hearing.

Common mistakes

Monthly figures in section F

The form says “Must be annual amounts, not monthly.” The inventory asked for monthly amounts, so the first annual report is where this goes wrong.

Estimated figures

The form says “You may not use estimates.” Every income and expense figure should match a statement or a receipt.

A large one-time receipt left unlisted

F.1.c asks for income not expected to recur, such as an inheritance or a vehicle sale. Any cash received of $1,000 or more must be listed.

Sources

Also for Alaska: PG-220, Conservatorship Implementation Report and Inventory

We make Fidura, guardianship accounting software built on a reconciled register for each ward. See the product

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