New York ESTATE ACCOUNTING Attorneys

Before an estate can be concluded, an accounting must be prepared reflecting all financial transactions occurring within the estate. The fiduciary (executor or administrator) must account for all assets received, income and interest earned, all bills paid, commissions earned and bequests and gifts paid. Once approved, the accounting absolves the fiduciary from liability.

As the executor or administrator of your loved one’s estate, you have many tasks to perform accurately and thoroughly. The experienced New York accounting attorneys at Cona Elder Law will handle all steps of the accounting process with and for you. For the last two decades, we’ve helped our clients navigate their way through Estate Administration and Probate. We will guide you and your family through the accounting process to its conclusion so the estate can be wrapped up.

When is an Estate Accounting Prepared?

An accounting is commonly prepared at the end of the administration of an estate and just before distributions are made to the beneficiaries. Generally, an accounting entails a statement showing:

• The assets of the estate 
• Income from assets
• Liquidation of assets
• Payments of debts and expenses
• Interim distributions (if any)
• All remaining property

As the executor or administrator of an estate, your Cona Elder Law attorneys will prepare all necessary accountings — whether informal accountings or judicial accountings for you.