Toronto Lawyers Handling Objections to Accounts and Advising on Contested Passing of Accounts
A beneficiary has a right to know how an estate’s assets are being managed, and to review any payments made and received on behalf of the estate. Trustees must therefore keep careful records of all estate income and expenditures on behalf of the beneficiaries. A trustee may be asked by an estate beneficiary at any time to have their accounting reviewed by the court for approval in a “passing of accounts.”
In some cases, beneficiaries may take issue with the way an estate has been managed by a trustee. If a beneficiary reviewing the accounts disagrees with the way an estate has been managed, or objects to the fees claimed by the trustee, they can file a formal objection with the court in order to obtain a review of the estate accounts. This triggers a process of formal hearings before a judge.
Legal advice for estate trustees and executors facing a contentious passing of accounts
At Eisen Law, we are a boutique firm focused solely on estate and trust litigation matters. We have experience guiding trustees through objections and challenges to a passing of accounts, and in representing them at court proceedings. Our lawyers also provide representation at mandatory mediation in Toronto.
If you are an executor or trustee, and are facing an objection to proposed accounts or executor’s compensation, we can offer the expert guidance you need. Our estates lawyers act regularly on behalf of estate trustees facing a contested passing of accounts, providing clear and timely advice to address any issues as soon as they arise, and prevent problems from escalating.
Knowledgeable Toronto Estates Lawyers for every stage of the Passing of Accounts Process
Even if objections have not arisen, having the estate litigation team at Eisen Law handle your passing of accounts from the beginning can help avoid any objections before they arise. We can assist at any stage of the process to prepare, review and file documents, regardless of how simple or complex your accounts may be.
We offer free initial consultations to review your matter and determine the best course of action for your needs. Call us at 416-591-9997 or contact us online if you have questions about an opposed passing of accounts.