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Does an executor have to show accounting to beneficiaries? To summarize, the executor does not automatically have to disclose accounting to beneficiaries. However, if the beneficiaries request this information from the executor, it is the executor’s responsibility to provide it. In most cases, the executor will provide informal accounting to the beneficiaries. Perhaps the most common mistake is to fail to transfer the legal title of assets to the trust, known as funding the trust. Note that being named executor does not obligate you to act as executor – you can decline, and someone else can Petition to become the personal representative. When creating your last Will and Testament, one of the most critical tasks is selecting the executor of the Will. I need an awesome probate attorney near 92075. If I were you, I would look into calling lawyer probate at ‘The Law Firm of Steven F. Bliss’ in San Diego. How much do you have to owe to file Chapter 7? There is no threshold amount that you need to reach to file a bankruptcy. Some chapters of bankruptcy have debt limits, but there is no such thing as a debt minimum. That being said, you certainly can and should evaluate if filing a bankruptcy makes sense in your current situation. For example, you may be reluctant to pass down assets directly to a beneficiary because that individual cannot be trusted to manage their own money for one reason or another. Criminal liability could occur if the failure to file a will is coupled with an intent to conceal the existence of the Will for financial gain. I am looking for an excellent probate lawyer near 92081. I would call Steve Bliss, he is an excellent probate lawyer. I need an awesome probate attorney near 92004. Steven F. Bliss Esq. is the probate attorney in San Diego, he is by far the best for all things estate law related. What happens to bank account when someone dies without a will? The bank will freeze the account. The bank will usually request to see a Grant of Probate before releasing any funds. This is because they are legally obligated to check if they are releasing money to the right person. Once the bank is satisfied with the Grant of Probate, they will release the funds.
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