The beneficiaries of a Will that has been probated and is being administered in a estate proceeding have the right to contest an accounting of the Executor of the Will and Estate.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
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There is no set format for estate accounts, however they should as a minimum detail all estate assets as they were at the date of death, all liabilities and any increases/ decreases in the value of estate assets once they have been liquidated.
A Final Account is a complete record detailing the assets, receipts, and disbursements made during a probate administration.
Definition of JUDICIAL SETTLEMENT: To indicate that the account is acceptable, and to release the fiduciary from liability, the court will issue a decree judicially settling the account. Example: Jacy, as executor of her mother's estate, filed her final accounting with the court.
A petition for final distribution of probate is a legal document that asks the court to distribute the remaining assets of an estate to the beneficiaries or heirs. It is usually filed by the executor or administrator of the estate after all debts, taxes, and other matters have been resolved.
A petition for final distribution of probate is a legal document that asks the court to distribute the remaining assets of an estate to the beneficiaries or heirs. It is usually filed by the executor or administrator of the estate after all debts, taxes, and other matters have been resolved.
