Q: Is an executor in Texas required to furnish the beneficiaries with anything prior to the final accounting.
Looking to get clarification on how executor has spent bank account funds of decedent since her death and if all known debts were actually paid.
A:
In Texas beneficiaries are entitled to ask the executor for an accounting 15 months after the court appoints the executor. The executor has 60 days to present it.
Texas has had independent estate administrations since 1843. In an independent administration, no final accounting need be presented either to the court or to the beneficiaries. Final accountings are seen in dependent administrations, usually heirship proceedings involving minor heirs.
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