Do I have to prepare Estate Accounts?

As a Personal Representative you have a duty to keep accounts during the period of administration and final accounts at the end known as Estate Accounts.

The Estate Accounts will show ALL transactions you have made during the administration, all payments you have made (with supporting receipts) and how the balance now available for distribution has been calculated.

There is no standard format.

It is essential the accounts are accurate, correct and clear. The accounts should be prepared before you distribute the estate.

All residuary beneficiaries are entitled to a copy and indeed you should ask the beneficiaries to approve the accounts before distribution takes place.

What is the next step?

At Macks, we can explain Estate Accounts and help you prepare these.

We strongly recommend a face-to-face meeting with one of our specialist Solicitors who will be able to explain things in greater detail and advise you on what to do next. The initial meeting will be free of charge and will explain the assistance we can provide to administer the estate, prepare Estate Accounts and what final steps you need to take.

We are here to help

To discuss how Macks specialists can help provide a customised solution to suit your legal requirements, please call us without obligation.

Middlesbrough Office: 01642 252828
Darlington Office: 01325 389800
Redcar Office: 01642 293334

Would you like a FREE, no obligation consultation with an expert solicitor?

Other Sections

Contacting Us

0800 652 4321 office@macks.co.uk

Head Office

4 Woodlands Road
Middlesbrough
TS1 3BE
United Kingdom

Company Registration Number: 04609487 VAT Number: 660 001 395

Need our help? Don't worry fill in
the form and we will be in touch

Our Head Quarters will be able to correctly direct you to the relevant solicitor

Middlesbrough

4 Woodlands Road
Middlesbrough
Cleveland
TS1 3BE
United Kingdom