Objection to Allowed Claim in Accounting

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Multi-State
Control #:
US-02653BG
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Description

Any interested party in an estate of a decedent generally has the right to make objections to the accounting of the executor, the compensation paid or
proposed to be paid, or the proposed distribution of assets. Such objections must be filed within within a certain period of time from the date of service of the Petition for approval of the accounting.


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.

Definition and meaning

The Objection to Allowed Claim in Accounting is a formal written response used in probate or estate settlement processes. It is filed by an individual, known as the contestant, who challenges the legitimacy or validity of a creditor's claim against the estate of a deceased person. This form essentially disputes the acceptance of a claim that has been included in the estate accounting, outlining specific reasons why the claim should not be honored.

How to complete a form

To complete the Objection to Allowed Claim in Accounting, follow these steps:

  • Begin by filling in the relevant court information, including the court name, county, and state.
  • Input the name of the decedent and the case number.
  • State your name as the contestant, along with your relationship to the decedent.
  • Clearly identify the executor and the date when the estate account was filed.
  • Enumerate the specific claim being contested, including the claimant's name and the disputed amount.
  • Detail your objections, providing clear reasoning for why the claim should be disallowed.
  • Include your request to the court regarding the outcome you seek and sign the document.

Legal use and context

This form is important within the legal context of estate management. When an estate is settled, the executor must account for claims against the estate to ensure that debts are paid appropriately. If someone believes a claim is unjust or improperly filed, they can utilize the Objection to Allowed Claim in Accounting to formally contest it. This document helps outline the specifics of the objection and ensures that legitimate claims are honored while protecting the estate from unwarranted claims.

Key components of the form

The form typically includes the following key components:

  • Name of the decedent: The individual whose estate is being settled.
  • Your name: As the contestant, indicating your relationship to the decedent.
  • Name of the executor: The person managing the estate.
  • Date filed: When the estate account was submitted.
  • Claim details: Information about the claim being contested, including the claimant's name and claim amount.
  • Grounds for objection: Specific reasons for contesting the claim, such as lack of verification or late submission.

Common mistakes to avoid when using this form

When completing the Objection to Allowed Claim in Accounting, users should be cautious of the following common mistakes:

  • Failing to file the objection within the specified timeframe set by the court.
  • Providing insufficient or vague reasons for the objection.
  • Omitting required signatures or not having the document properly notarized.
  • Not delivering a copy of the form to the opposing counsel or the executor of the estate.

What to expect during notarization or witnessing

When finalizing the Objection to Allowed Claim in Accounting, notarization may be required. Here’s what to expect:

  • Gather your completed form and a valid form of identification.
  • Visit a notary public, who will verify your identity and witness your signature.
  • The notary will then affix their seal to the document, indicating it has been notarized.
  • Ensure you receive a copy of the notarized form for your records.
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FAQ

In a Chapter 13, an objection to confirmation is basically a written statement from the Chapter 13 Trustee or a creditor of the debtor that there is something wrong with the case that needs to be fixed before the confirmation hearing.

Disallowed Claim means a Claim, or any portion thereof, that: (a) is not listed on the Debtors' Schedules, or is listed therein as contingent, unliquidated, disputed, or in an amount equal to zero, and whose holder has failed to file a timely proof of Claim; or (b) the Bankruptcy Court has disallowed by Final Order.

An objection to a proof of claim must be in writing and filed with the bankruptcy court. A copy of the objection and the notice of court hearing date must be mailed to the creditor, the trustee, and the debtor at least 30 days before the hearing.

An objection to claim may be filed to object to one claim or multiple claims subject to conditions in Federal Rule of Bankruptcy Procedure 3007(e). When an objection to claim objects to multiple claims, it is called an omnibus objection to claim. An omnibus objection to claim may cause the entry of multiple orders.

Objection to exemptions refer to the objections filed by the creditors in a bankruptcy proceeding questioning the exemptions given to the debtor.A debtor can respond to the objection to exemption in order to continue to retain the contested property.

If the claim is for a lower-priority debt, then if the claim is not filed on time or is successfully objected to, then it is disallowed. This means that the creditor does not get to participate in any distribution. In most circumstances, a disallowed claim is automatically discharged at the end of the bankruptcy case.

Chapter 11 creditors are not required to file a Proof of Claim because the debtor is required to file a Schedule of Assets and Liabilities.If it is not filed, the Bankruptcy Court will consider the customer's Schedule of Liabilities as accurate and make any distributions accordingly.

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Objection to Allowed Claim in Accounting