Bronx New York Objection to Allowed Claim in Accounting

Category:
State:
Multi-State
County:
Bronx
Control #:
US-02653BG
Format:
Word; 
Rich Text
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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.

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FAQ

When we say formal accounting we are referring to a Trust accounting that is prepared according to the format rules of the Probate Code (section 1060) and filed with the court to court approval.

Whether you are a beneficiary or an executor of an estate, you may be asking the question, does an executor have to show accounting to beneficiaries. The answer is that an executor does not automatically have to show an accounting to the beneficiaries.

An estate accounting is a document that provides specific details about what property was in the estate at the time of the decedent's death, what additional property came into the estate since the decedent's death, how the estate funds were spent, what property remains in the estate at the time that the accounting is

A compulsory accounting is when an interested party, such as the beneficiary or creditor described in this article, asks the Court to order the Executor or Administrator to account so that they can get access to information concerning the assets remaining in the Estate and the timeline for payment of their claims or

In order to get letters testamentary, you need to submit a petition for probate together with its supporting documents to the Surrogate's Court. Do not unstaple even if you are scanning it.

Letters of Administration will need to be obtained which requires filing a petition and many other documents with the Court. The petition for Letters of Administration is filed in the Surrogate's Court in the county where the decedent lived.

The two primary reasons to compel an account are: 1) to check the status of trust assets; and 2) to determine if the trustee is acting within his or her discretion or has breached a duty.

In the best-case scenario, getting your letters testamentary will take just 2 months. But typically, it takes 3 months to get a court appointment, even in the most straightforward and simplistic cases.

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Bronx New York Objection to Allowed Claim in Accounting