An accounting by a fiduciary usually involves an inventory of assets, debts, income, expenditures, and other items, which is submitted to a court. Such an accounting is used in various contexts, such as administration of a trust, estate, guardianship or conservatorship. Generally, a prior demand by an appropriate party for an accounting, and a refusal by the fiduciary to account, are conditions precedent to the bringing of an action for an accounting.
Washington Petition to Require Accounting from Testamentary Trustee
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TEDRA provides procedures for dispute resolution. Since the Trust and Estate Dispute Resolution Act (TEDRA) came into effect, estate practitioners have had a specific framework for dealing with conflicts concerning wills, intestate estates and trusts in Washington.
A fiduciary shall invest and manage the trust assets solely in the interests of the trust beneficiaries. If a trust has two or more beneficiaries, the fiduciary shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.
Obtaining Letters Testamentary This is the document that you will show financial institutions and other parties who are holding the decedent's assets to prove that you are the court appointed representative of the estate.
Is a Probate Necessary? Washington law: Does not require probate, but. Does require any Will to be filed with the Court within at most 40 days of death.
TEDRA provides procedures for dispute resolution. Since the Trust and Estate Dispute Resolution Act (TEDRA) came into effect, estate practitioners have had a specific framework for dealing with conflicts concerning wills, intestate estates and trusts in Washington.