Accounting

Part of your duties as the executor of an estate is to manage the estate accounting. The estate accounting document provides specific details of the property and assets owned by your loved one prior to their death, what additional assets may have come since then, how estate funds are spent and any estate assets that are still to be distributed. Some other details you must track include any earned income from the estate after your loved one’s death, any debts, and any commissions that must be paid. There are different methods to track expenses and value of contained assets, but they all require attention to detail and dedicated time to ensure all property and transactions are accounted for.

This process can be overwhelming for executors, but you do not have to do this alone. Reach out to the attorneys at Wolfe Ossa Law for help with the Estate Accounting and the details required.