If there is good reason to know exactly all the details of the decedents assets due to mistrust in the executor would having an informal accounting cause a delay in the distribution?
the answer is unknown. the executor could delay payments in order to comply with an informal accounting and there is no way anyone would know. during the administration of the estate the lawyer for the estate typically advises the executor when all tasks are essentially complete and that it is now appropriate to pay the beneficiaries. unless the estate and the executor exceed the timelines mandated by the probate code the executor can not be compelled to make payment. so whether out of delay to do the accounting or dislike because one was requested its not possible to tell whether the executor delayed payment or not.. and if so because you requested an informal accounting... if youre that concerned then by all means hire a lawyer and obtain a formal accounting.
without a detailed review by a lawyer can all the issues raised in your question be appropriately addressed...nothing in this response should be construed as establishing a lawyer client relationship..the answers herein are for informational purposes and not to be construed as advice
You are asking the wrong question here. If you have concerns about this estate demand a formal accounting as time is not really the issue. Speak with an estates attorney in your area.
Hope this helps.
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Mr. Fromm is licensed to practice law throughout the state of PA with offices in Philadelphia and Montgomery Counties. He is authorized to handle IRS matters throughout the United States. His phone number is 215-735-2336 or his email address is [email protected]t , his website for more tax, estate and business articles is www.sjfpc.com. and his blog is
LEGAL DISCLAIMER Mr. Fromm is licensed to practice law throughout the state of PA with offices in Philadelphia and Montgomery Counties. He is authorized to handle IRS matters throughout the United States. His phone number is 215-735-2336 or his email address is [email protected] , his website is www.sjfpc.com. and his blog is <http://frommtaxes.wordpress.com/> Mr. Fromm is ethically required to state that the response herein is not legal advice and does not create an attorney/ client relationship. Also, there are no recognized legal specialties under Pennsylvania law. Any references to a trust, estate or tax lawyer refer only to the fact that Mr. Fromm limits his practice to these areas of the law. These responses are only in the form of legal education and are intended to only provide general information about the matter within the question. Oftentimes the question does not include significant and important facts and timelines that if known could significantly change the reply or make such reply unsuitable. Mr. Fromm strongly advises the questioner to confer with an attorney in their state in order to ensure proper advice is received. By using this site you understand and agree that there is no attorney client relationship or confidentiality between you and the attorney responding. This site should not be used as a substitute for competent legal advice from a licensed attorney that practices in the subject area in your jurisdiction, who is familiar with your specific facts and all of the circumstances and with whom you have an attorney client relationship. The law changes frequently and varies from jurisdiction to jurisdiction. The information and materials provided are general in nature, and may not apply to a specific factual or legal circumstance described in the question or omitted from the question. Circular 230 Disclaimer - Any information in this comment may not be used to eliminate or reduce penalties by the IRS or any other governmental agency.
Mr. Fromm makes a good point. To answer your question, if the estate were ready to be distributed, asking for the accounting would cause a delay because it would have to be prepared if it were not being prepared otherwise. So yes is the answer to your question. But if you already have questions about things it sounds to me like you need this accounting done - formally.
This is not legal advice nor intended to create an attorney-client relationship. The information provided here is informational in nature only. This attorney may not be licensed in the jurisdiction which you have a question about so the answer could be only general in nature. Visit Steve Zelinger's website: http://www.stevenzelinger.com/
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