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Do the heirs of an estate get a full accounting by the executer of the estate?
Wiki User
∙ 14y ago
First the executor must be appointed by the probate court. Once appointed the executor is obligated to follow the rules set forth in the probate code which includes amongst other things publishing a notice the the estate is to be probated, filing an inventory of the assets both real and personal and the final task of filing a final account with the court accounting for all the property that was listed in the inventory and to whom it was distributed.
If the executor doesn't provide copies to the heirs they may obtain copies of any filing in person or by mail from the court. By obtaining copies as they are filed the heirs can monitor the activities of the executor and make certain he/she is performing their duties in a timely and effecient manner. If they aren't, the heirs can complain to the court and ask that the executor be compelled to act responsibly or replaced.
Wiki User
∙ 14y ago
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What are the obligation of an executor to the heirs of an estate?
To insure that the estate is settle correctly and efficiently to maximize the heirs inheritance and to provide clean title to property. A full accounting of the estate and its assets must be produced.
My sister is the executrix of our mother's estate. She and I are the sole heirs named in the will. Does she owe me a full accounting (absent any such requirement in the will) Her behavior is secretive and defensive.?
Yes it's best to have a lawyer involved or an accountant to keep things fare.
What things need to be done as executer of a fathers estate?
Once the estate has been opened and a executor appointed: A complete inventory and valuation of the assets must be completed. They can then sell assets to pay bills. They must resolve debts and bills and pay all taxes due. Then they distribute the remainder according to the will or laws of intestacy. A full accounting must be provided to the court.
Do heirs in New Jersey have a right to see the bank records of an estate if the executor will not provide the information?
Certainly. The records have to be filed with the court and they are a matter of public record. The heirs may wish to hire their own attorney if they don't feel the executor is doing a proper job. They can petition the court to have the executor removed as well.
Can you first accept to become executor of the estate and then resign?
You can resign from the position upon providing a full accounting of your actions in regards to the estate.
Does a exector of estate have to show where the money went?
Yes, they must show a full accounting to the court.
Do you have to file for dismissal from being executor?
You have to file with the court that appointed you. And provide a full accounting of the estate to that point.
Can your brother the estate administrator use estate funds to live on in KY?
They may not use the estate funds for personal use. They may be able to take an advanced draw, but they are required to provide a full accounting.
Does the Executrix need to provide receipts with the first and final accounting of a probate estate?
Good records are an important to all executors. A full accounting should be available if the court should request it.
Can the administrator of an estate sell property without the heirs permission?
The Administrator doesn't need the heirs' permission per se. Generally, an Administrator needs to petition the court for a license to sell the real estate. The heirs will be given notice of the petition to sell and will have the opportunity to object. If all the heirs want to keep the real estate the Administrator has no need to sell unless there are debts to pay. The debts must be paid before any assets can be distributed to the heirs. You can add more details on the discussion page.
Am I entitled to have all accounting records of my mothers estate once the estate is finalised although my brother is executor?
Once an estate is filed for probate it becomes a public record. You can go to the court where the estate was filed and ask to see the file at any time during the probate process or after it has been completed.
Can an executor write checks from the estate account to himself?
Yes, if they have a right to the money either as a beneficiary or as payment for their work. They have to provide a full accounting to the court.
