Based on that limited quote, it seems like it. You need to review the entire agreement to know for sure. Speak with your attorney, in detail, about the situation. If you are uncomfortable, seek a new attorney or pay an attorney to review the contract in its entirety. Good luck.
The above is general information only and is not legal advice. The information provided does not form an attorney-client relationship, and should not be relied upon to take or refrain from taking any action. I am not your attorney until we sign a retainer agreement.
If you have been served with an informal accounting, the counsel fee amount as well as any escrow for future counsel fees should have been disclosed. If not all beneficiaries sign a Release and Refunding Bond, the attorney for the Estate may file a formal accounting with the court, at which point the informal accounting legal fees may be insufficient and your share of the estate would be adjusted.
MARY TOM, ESQ.
HUNZIKER, JONES & SWEENEY, P.A.
Wayne Plaza II
155 Route 46 West
Wayne, NJ 07470
Phone No. (973) 256-0456
Fax No. (973) 256-4784
This message does not constitute legal advice and is for informational purposes only. This message does not establish an attorney-client relationship, which can only be established once a retainer agreement has been fully executed between you and this firm. For legal advice, please contact and retain an attorney of your own choosing.