The Difficult Task of Estate Accounting Reconstruction
After an administrator (or personal representative) of an estate is appointed in probate court, he or she must account for the estate, in order to properly identify and distribute all assets. This is no easy task. The attorneys at Becker, Kellogg & Berry often counsel and advise clients in Virginia and Washington D.C., who have become frustrated and discouraged by the process.
The earlier you speak with an attorney, the better off you will be in the future. As a personal representative, you will be required to file annual accountings of the estate assets. Contact Becker, Kellogg & Berry, P.C. for trusted legal advice, and efficient accounting and inventory services.
A personal representative must file an accounting of the estate with the Commissioner of Accounts. This initial report must be accurate and include supporting documentation for all account entries, or the commissioner may not approve it. Our experienced attorneys can assist you in:
- Identifying and compiling assets
- Acquiring assets
- Identifying claimants and beneficiaries
- Filing documents
- Inventorying assets
- Preparing accountings
- Paying claimants
Zero Tolerance for Error
The accounts also go through a "zero tolerance" audit process by the Commissioner of Accounts or the Register of Wills. There is no room for error during the estate accounting process. Seeking legal counsel early on can save you hours of work later.
When someone with a complex estate suddenly passes away, identifying estate assets the estate can be challenging. Many high asset estates are spread out among multiple accounts and investments. Our skilled attorneys will locate assets, creditors and research, identify and prepare accountings of all of your loved one's assets. No matter how complex, commingled or confused, we can help.
Call our lawyers in Springfield, McLean and Fairfax, Virginia, at 866-494-2620 or contact us online.