What is an Executor’s Accounting?
20 September 2017
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An executor’s accounting is the report of the executor’s financial actions from the date the executor began serving until the end. It shows what was collected, what happened to those assets, any gain or losses on those assets and, in the Schedule of Distributions, how the executor plans to distribute the assets to the beneficiaries. In New York, these accountings can either be informal accountings or formal accountings.
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