Maurice Buckley, C.T. Poole & Son

Solicitors

estate_accounting

Keeping estate transactions in check

Estate Accounting

We specialise in preparing detailed and accurate estate records, ready for submission. If you’re acting as an executor, this can make all the difference during a complex process.

It’s the executor’s responsibility to submit accurate accounts on the estate. This isn’t a simple job, especially during such a trying time.

Estate accounting involves showing the transactions paid to and from a deceased estate. Bank statements, bank books and other records must be reviewed and combined chronologically. This can take a considerable amount of time and effort.

Why estate accounting matters

The transactions in a deceased estate need to account for all assets and liabilities at the date of death or at the beginning of any subsequent account period. It also highlights the capital and the income on the receipts and payments sides of the cashbook statement.

During the administration of most deceased estates, there will be bank account transactions (such as interest, bank fees) until those accounts are closed, and there will typically be transactions recorded in a solicitor’s trust account until an estate account can be opened.

We may also need to review other records, such as property sale settlement details or broker contacts notes when shares are sold. We can then combine all transactions in date order, as if they’d passed through one bank account.

Ensure your accounts meet the rules of court

There’s a reason why other solicitors come to John Poole for his advice on estate accounting. Having specialised in this area of law for decades, he has also helped set guidelines for accrediting solicitors.

As estate accounting experts, we’re skilled at preparing accurate accounting records. Your records will be compiled in a format preferred by the courts.

Contact us to discuss your accounting needs

Issues Between Beneficiaries & Executors

If you wish to contest a will, or need to defend a claim to vary a will, our caring and discreet team can advise you on your chances of success and help you get the best outcome.

Wills

It’s never too early to get your affairs in order. A properly prepared will protects your property and ensures your loved ones are looked after when you pass away. As estate planning specialists, we can help you get your affairs in order. Simply meet with us to discuss your wishes, and we’ll prepare your will for you.

Accredited Specialist Wills & Estates Law