Related Definitions
What is Accounting In Probate and Trust Administration?
A detailed financial statement prepared by a trustee or executor outlining income, expenses, and distributions of the estate or trust.
In probate and trust administration, an accounting refers to the detailed financial report prepared by an executor or trustee. It includes all income, expenses, debts paid, and distributions made from the estate or trust. Beneficiaries often have the right to request this accounting to ensure transparency and that the fiduciary has properly managed the assets. It can also serve as a legal safeguard against allegations of mismanagement.
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Related Articles
Insights and advice on trust and probate estate litigation from our blog.
- Probate Law
- 12 min read
- Published on
Key Takeaways Introduction Yes, you can live in a home during probate under select circumstances. However, this is not always the case. To be [...]
Key Takeaways Introduction Yes, you can live in a home during probate under select circumstances. However, this is not always the case. To be […]
- News
- 1 min read
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California and Texas probate litigation law firm RMO LLP announced today that 7 of our attorneys have been included in the 2026 edition of [...]
California and Texas probate litigation law firm RMO LLP announced today that 7 of our attorneys have been included in the 2026 edition of […]
- News
- 1 min read
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California and Texas trust and estate litigation law firm RMO LLP is proud to announce that 3 of our partners have been included in [...]
California and Texas trust and estate litigation law firm RMO LLP is proud to announce that 3 of our partners have been included in […]
- Estate Litigation
- 18 min read
- Published on
Key Takeaways Introduction Estate planning is a vital process for protecting your assets and ensuring your children and heirs have access to a respectable [...]
Key Takeaways Introduction Estate planning is a vital process for protecting your assets and ensuring your children and heirs have access to a respectable […]
- Probate Estate Litigation
- 13 min read
- Published on
Key Takeaways Introduction Probate is the legal process for settling a deceased person’s estate, either with or without a will. During an initial probate [...]
Key Takeaways Introduction Probate is the legal process for settling a deceased person’s estate, either with or without a will. During an initial probate […]
- News
- 1 min read
- Published on
Matthew A. Bourque, Managing Attorney of RMO LLP’s Dallas office, has been named to the 2025 Lawdragon 500 X – The Next Generation list. [...]
Matthew A. Bourque, Managing Attorney of RMO LLP’s Dallas office, has been named to the 2025 Lawdragon 500 X – The Next Generation list. […]
- News
- 1 min read
- Published on
Meghan M. Glaspy, Managing Partner of RMO LLP’s Orange County office, has been named to the 2025 Lawdragon 500 X – The Next Generation [...]
Meghan M. Glaspy, Managing Partner of RMO LLP’s Orange County office, has been named to the 2025 Lawdragon 500 X – The Next Generation […]
- Undue Influence
- 18 min read
- Published on
Key Takeaways Introduction A trust is a valuable estate planning tool that can help you identify beneficiaries to receive assets after death. However, if [...]
Key Takeaways Introduction A trust is a valuable estate planning tool that can help you identify beneficiaries to receive assets after death. However, if […]
- Trust Administration
- 17 min read
- Published on
Key Takeaways Introduction Spousal lifetime access trusts and spousal lifetime access non-grantor trusts are two types of marital trusts, also known as spousal trusts. [...]
Key Takeaways Introduction Spousal lifetime access trusts and spousal lifetime access non-grantor trusts are two types of marital trusts, also known as spousal trusts. […]
- Inheritance Disputes
- 17 min read
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Key Takeaways Introduction Determining the proper way to distribute assets to beneficiaries can be a difficult process after a loved one dies. Siblings may [...]
Key Takeaways Introduction Determining the proper way to distribute assets to beneficiaries can be a difficult process after a loved one dies. Siblings may […]
- Undue Influence
- 16 min read
- Published on
Key Takeaways Introduction Undue influence is the act where one party takes advantage of the vulnerability of another for their own selfish gain at [...]
Key Takeaways Introduction Undue influence is the act where one party takes advantage of the vulnerability of another for their own selfish gain at […]
- News
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Scott E. Rahn, Founding Partner of California and Texas probate litigation law firm RMO LLP, has been named to Chambers & Partners’ 2025 High [...]
Scott E. Rahn, Founding Partner of California and Texas probate litigation law firm RMO LLP, has been named to Chambers & Partners’ 2025 High […]