Passing of Accounts

PASSING OF ACCOUNTS IN OAKVILLE, MILTON, GEORGETOWN AND THE SURROUND AREA

An important responsibility of an Estate Trustee or Attorney for Property is to keep detailed records of their administration of the estate’s finances, to the satisfaction of the incapable person or the beneficiaries of the estate. In certain circumstances, this responsibility may extend to the passing of accounts, a formal process in which the accounting of the fiduciary is presented for approval by the court. This will be required in situations where a beneficiary challenges the handling of the estate, or in situations where a beneficiary is not legally capable of approving the accounting. A person does not have the legal authority to approve the accounts where he or she is a minor or is mentally incapable.

Experienced Advice and Assistance with the Passing of Accounts

The passing of accounts is a complex undertaking, one that our lawyers are experienced in navigating. We will assist you with the process from start to finish, beginning with a review of the financial records and preparation of the accounts, to representing your interests in court if necessary. Our services include, but are not limited to, the following:

  • Gathering the necessary documentation
  • Preparing the accounts in accordance with the court’s requirements
  • Drafting and filing the court documents
  • Serving the documentation on all beneficiaries, including the Office of the Public Guardian and Trustee or the Office of the Children’s Lawyer, where required
  • Responding to and settling any objections of the accounts, if necessary
  • Representation in court

Challenging the Accounts of an Estate in Halton Region

If you are a beneficiary with concerns about the accounting of an estate in which you have an interest, our lawyers will work with you to review the accounts and determine whether a challenge is warranted. Should you proceed with a challenge, we will draft and file the necessary documentation, and represent your interests in court if necessary.

Contact us for Advice and Assistance with the Passing of Accounts

Whether you are an Estate Trustee or a beneficiary under an estate, our lawyers have the experience and skills necessary to assist you with the estate and power of attorney accounting process. Please contact us online us to arrange an appointment at one of our three offices in Oakville, Milton and Georgetown.