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Generally, all the property listed in the inventory must be accounted for in the final account.

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15y ago

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How can an executor collect their commission from an estate?

An executor can collect their commission from an estate by first reviewing the will or state laws, which typically outline the compensation allowed. Once the estate has been settled and debts and taxes paid, the executor can calculate their commission based on the value of the estate assets. They should then prepare and submit a detailed accounting of their services and expenses to the court for approval, after which the commission can be disbursed from the estate’s funds.


Why do people request an Accounting from an Estate Account?

They want to know what property was included in the estate and where it went.


A detailed accounting of all the goods in stock?

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Can you first accept to become executor of the estate and then resign?

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What are the accounting entries in a real estate firm?

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After listing the estate's inventory how is the estate closed.what if there is no accounting of estate tax on estate.?

Once the inventory and valuation of the estate is completed, the executor provides the court with a dispensation, shows that the taxes have been filed. If the court is satisfied that everything has been allocated according to the will or the intestate laws, they will close the estate.


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Does a exector of estate have to show where the money went?

Yes, they must show a full accounting to the court.