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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To access the deceased's financial institution account records, you would generally need to grant the bank with sure documentation, such as a certified copy of the loss of life certificate, proof of your appointment as executor, and any different archives required via the bank.
In general, beneficiaries do have the proper to request data about the estate, inclusive of financial institution statements. However, the unique regulations and limitations on gaining access to bank statements may also range relying on the jurisdiction and the particular circumstances of the estate.
As a beneficiary you are entitled to information regarding the trust assets and the status of the trust administration from the trustee. You are entitled to bank statements, receipts, invoices and any other information related to the trust.
Once you have found out what bank accounts were held by the deceased and have notified the relevant banks of the death, you should be able to request copies of bank statements.
28-11. Closing the estate. (a) An independent representative is accountable to all interested persons for his administration and distribution of the estate but need not present an account to the court unless an interested person requests court accounting as in supervised administration.
24-21. Deposit or investment of money of a ward, subject to court order. The receipt of the bank or trust company constitutes a voucher for accounting purposes.
With the distribution of all assets, the executor is said to have ?closed the estate.? But, the executor still retains the power to gather newly discovered assets and address future complaints.
A surviving spouse is usually the first choice. If there is no spouse, the decedent's children, grandchildren, parents, or siblings are next in line. The best way to avoid any issues with accessing the bank accounts of deceased family members is to have a clear and up-to-date estate plan in place.
