When one sibling is named the trustee of their parentโs trust, it can put a lot of strain on the family relationships. The trustee may feel overwhelmed with his trustee duties and become resentful that his siblings donโt have the … Read More
If you are the executor of someoneโs will, it is your responsibility to settle their estate after they die. Among other things, you will need to prepare and file a court accounting with the probate court. A court accounting is … Read More
If you are the personal representative or executor of a deceased personโs estate, an important part of your role is to provide court accounting. Court accounting, also referred to as probate accounting, is a financial record of the transactions of … Read More
So, you just lost a loved one, and now youโre drowning in paperwork, bombarded with legalese, and worried about where the moneyโs going. Dealing with their estate can feel like deciphering a secret codeโฆ Disbursements and distributions? Is that even … Read More
The main difference with informal vs formal court accounting is the comprehensiveness of the accounting. Informal is often used when there is no beneficiary disagreement, while formal is often required when there is concern that estateโs assets were not properly … Read More