Estate and trust accountings in Rockland County

Al Kaiser provides estate and trust accountings in his Rockland County office

Accountings are a description of the administration of the trust or estate. They are necessary to settle the estate and cause the fiduciary (trustee, executor or administrator) to be released from any further liability for the actions he/she has taken in administering the trust or estate. Accountings can be informal, whereby the beneficiaries each sign a release indicating that they are satisfied how the estate or trust was administered and release the fiduciary from any further liability. The other type of accounting is a formal (Judicial) accounting where the court rules on the propriety of the fiduciary’s actions and the court ultimately releases the fiduciary any further liability. Al prepares both informal and judicial accountings.

Why estate and trust accountings are important   

Some attorneys do not always do an accounting to settle an estate or trust, deeming the accounting process necessary only when they anticipate a problem.  Skipping the accounting can lead to complaints against the executor, administrator or trustee after the estate or trust has been distributed and the fiduciary believes his or her job complete.  This can cause the estate to be re-opened and disputed or even litigated. In the event it is ultimately determined that the fiduciary has done something wrong, or further payments are otherwise required, it may not be possible to recover the money previously paid thereby rendering the fiduciary personally responsible.  Many attorneys who require accountings, have them prepared by accountants or other non-attorneys. Al Kaiser personally prepares his client’s accountings as well as all tax returns, thus allowing you to have one professional responsible for preparing an effective plan and implementing it without issue.

The law office of Albert J Kaiser is one of Rockland County’s
most experienced in the preparation of estate and trust accountings

Albert J Kaiser has a LLM from NYU and is fully versed in accounting practices and taxation issues, especially as they pertain to trusts and estates. His experience, in preparing judicial accountings, is as in-depth and extensive as you will find in the Hudson Valley.

To schedule a no-obligation meeting with Albert J Kaiser his office at 845-634-3700; he will be glad to explain the advantages and benefits to developing proper estate and trust accountings in Rockland County