|
Explaining Your Trust Account StatementAccount statements are generally mailed to Indian trust beneficiaries on a quarterly basis. These statements include account activity for the past quarter. If you receive income from an oil or gas asset, you will also receive an explanation of payment that includes the payor’s name and lease number, sales information, unit values, royalty information, and adjustments. Note: If you have an account with a very low balance, and it has had no activity for the last eighteen months, you will receive a statement once a year. Explaining your account numberYour personal IIM account number is made up of three sections, and will look something like “123 A 1234567.” The first three digits represent a tribal code, land area code or Alaska Regional Corporation code. The one-letter character is an “alpha” or “class” code, which identifies the type of account you have. For example: A = Account holder is the original allottee of the land. U = An Indian account holder who is not the original allottee but owns land interests or receives a per capita payment. N = An Indian who is not enrolled in a federally-recognized tribe (lineal descendant). L = Life estate, dower or courtesy, or homestead interest for an Indian. B = Life estate, dower or courtesy, or homestead interest for a non-Indian. J = Judgment per capita payment, generally used for minors and adults in need of assistance or under legal disability. P = Tribal per capita payment generally used for minors or adults in need of assistance or under legal disability. X = Non-Indian fee interest owner. The group of numbers following the alpha code is your personal account number. In some cases this is your tribal enrollment number. Although you may have more than one type of account, your personal account number will always remain the same. Only the “alpha” code should be different. New Indian Trust Account Holder Statements of AccountIndian trust account holders with trust assets in agency locations that have been converted to new technology and trust systems are receiving comprehensive account statements. The improved statements include detailed information on land ownership including location, encumbrances, and income. By the end of calendar year 2007, all account holders with valid addresses will be receiving the improved statements. In the past, statements were sent to Indian trust beneficiaries with information on receipts and disbursements, but without land asset information. The new account statements include:
Your New Real Property Asset Statement provides information about your “Real Property Assets,” or the land in which you have an Indian trust asset interest. By the end of 2007, this expanded information will be included in all trust account statements provided to beneficiaries by the Department of the Interior, and will reflect Indian trust interests held in all Bureau of Indian Affairs regions across the nation. The new Real Property Asset Statements include:
If you have any questions, call the toll-free Trust Beneficiary Call Center, 1-888-678-6836. |
U.S. Department of the Interior
Office of the Special Trustee for American Indians
1849 C Street, NW, Suite 5140 •
Washington, D.C. 20240
(202) 208-4866 • (888) 678-6836 (Toll Free Trust Beneficiary Call Center)
Last Updated on 05/22/07