Estate Accounting
Judicial Accounting of an estate can initiated by the Administrator or Executor of an Estate or it can be ordered by the court pursuaunt to a petition brought by a beneficiary or a creditor.
Judicial accounting involves preparation of certain accounting documents to be submitted for approval by the surrogate (judge) in Surrogate’s court. All necessary parties are notified and given the opportunity to object to or dispute the accounting.
We charge $2,500.00 for the preparation and approval of the accounting documents. You will also be responsible for filing fees, which are based on the value of the estate. Our fee is based on uncontested accounting proceedings. If any party objects to the accounting, this will require court appearances, evidence gathering and other “litigation” matters and is not included in our flat fee. Contested accounting matters are billed hourly and a retainer is required.
The filing fee for a judicial account is based on the value of the estate, as follows:
- $0 but under $10,000: $45.00
- $10,000 but under $20,000: $75.00
- $20,000 but under $50,000: $215.00
- $50,000 but under $100,000: $280.00
- $100,000 but under $250,000: $420.00
- $250,000 but under $500,000: 625.00
- $500,000 and over: $1,250.00
Please Contact Us for a Free Consultation.
