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.
Overseeing Probate Administration?
RMO attorneys can guide you through the complexities of probate processes.Serving clients across California and Texas
Related Articles
Insights and advice on trust and probate estate litigation from our blog.
- Inheritance
- 3 min read
- Published on
The recent tragic deaths of filmmaker Rob Reiner and his wife, Michele, allegedly at the hands of their son, brings attention to the issue [...]
The recent tragic deaths of filmmaker Rob Reiner and his wife, Michele, allegedly at the hands of their son, brings attention to the issue […]
- Estate Dispute
- 13 min read
- Published on
Key Takeaways Introduction Estate litigation occurs when a dispute arises between interested parties in an estate and requires court intervention for resolution. Disputes that [...]
Key Takeaways Introduction Estate litigation occurs when a dispute arises between interested parties in an estate and requires court intervention for resolution. Disputes that […]
- Probate Estate Litigation
- 11 min read
- Published on
Key Takeaways Introduction High-value probate cases often have a complex portfolio of assets with valuable forms of property spread out across multiple jurisdictions. With [...]
Key Takeaways Introduction High-value probate cases often have a complex portfolio of assets with valuable forms of property spread out across multiple jurisdictions. With […]
- International Probate
- 18 min read
- Published on
Key Takeaways Introduction High-net-worth individuals with complex estates and a significant number of assets and heirs in multiple countries are often subject to added [...]
Key Takeaways Introduction High-net-worth individuals with complex estates and a significant number of assets and heirs in multiple countries are often subject to added […]
- Undue Influence
- 15 min read
- Published on
Key Takeaways Introduction High-value estates feature a large portfolio of assets with considerable financial value. Having important estate fraud prevention safeguards in place is [...]
Key Takeaways Introduction High-value estates feature a large portfolio of assets with considerable financial value. Having important estate fraud prevention safeguards in place is […]
- Trust Administration
- 14 min read
- Published on
Key Takeaways Introduction A trust is a legal arrangement established by the trust creator to transfer assets into the ownership of the trust, managed [...]
Key Takeaways Introduction A trust is a legal arrangement established by the trust creator to transfer assets into the ownership of the trust, managed […]
- Trust Litigation
- 13 min read
- Published on
Key Takeaways Introduction A trustee plays a vital role in the administration of a trust, as it is their responsibility to distribute trust assets [...]
Key Takeaways Introduction A trustee plays a vital role in the administration of a trust, as it is their responsibility to distribute trust assets […]
- Trust Disputes
- 16 min read
- Published on
Key Takeaways Introduction High-value estates are often more susceptible to disputes and litigation because they involve multiple beneficiaries, complex asset structures, valuable assets, and [...]
Key Takeaways Introduction High-value estates are often more susceptible to disputes and litigation because they involve multiple beneficiaries, complex asset structures, valuable assets, and […]
- Uncategorized
- 14 min read
- Published on
Key Takeaways Introduction During the probate of high-value estates, business interests may cause several types of controversies among heirs or beneficiaries of the estate. [...]
Key Takeaways Introduction During the probate of high-value estates, business interests may cause several types of controversies among heirs or beneficiaries of the estate. […]
- 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
- Published on
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
- Published on
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 […]