Probate attorney Scott Grossman explains what comes next after accounting has been demanded but nothing has been produced.
Attorney Scott Grossman discusses the final steps one must make before finally ending the probate process.
Attorney Scott Grossman discusses the last thing step before getting an order from the court. This is a report on waiver of account or a first and final account. This allows for the executor administrator and legal representative to be paid and of course for all the beneficiaries to get what they’re supposed to from the estate.
When administering a trust, you will encounter various expenses along the way. It is important to keep accurate records and receipts throughout the process.
Under California probate law, the executor of the decedent’s estate has a fiduciary duty requiring him or her to act with integrity, disclose all information to the beneficiaries, act in fairness and with diligence, manage the estate with caution, and deal with all beneficiaries equally.