No, neither of these things is required of an independent executor. The obligations that you've just described are precisely what a dependent administrator must do. These court-supervised administrations are very different from their independent counterparts.
If you are looking for information (including an accounting) from an independent executor, you will likely find yourself waiting until 15 months after the date that Letters Testamentary are granted. Beyond this time, however, you will also find that interested persons may have several remedies to compel the production of information from even an independent executor.
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I agree with the prior answer. Within 90 days of appointment the Independent Executor has to file an accounting or affidavit in lieu (if the estate qualifies). If you take issue with the assets on the Inventory, you can object. You should hire your own attorney to do this. Do not wait around. The longer you wait, the harder it gets to track down assets, plus any applicable statute of limitations.
If you are interested in the estate, and you just want clarification or have questions regarding the administration, you may be able to get information by contacting the Independent Executor's counsel, however it is best to get your own attorne, especially if you suspect something awry in the estate.
Newill Law Firm
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No no need for an annual report. You may be thinking a a dependent executor who would have to prepare annual accountings. The independent on the other hand, would have to file an Inventory, Appraisement and List of claims within 90 days. Keep in mind, as a fiduciary one of the duties of the independent executor is to keep you informed. Additionally, as to the sale of real property, the Will may give the independent executor the right to sell real property. Also depending on which court and which title company is used can play a factor. Good Luck.
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I agree withe the other lawyers who have answered.
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