Q: Should the estate Atty (executor) provide a periodic accounting of legal costs to the beneficiaries? it’s been 9 months.
We’ve sent written requests for accounting of legal fees and asked in person. I once asked what the typical cost of an estate this size (3M) runs. Initially he said 20-25K, a month later I asked again and he said 40-45K. We’ve received nothing in writing regarding legal fees. I asked why the big jump, he replied there had been more work (fixing pool, property improvements) but we did the work (hiring vetting and hiring svc’s etc) he then approved the action and signed the checks. At this point the remaining $ the beneficiaries will share is 1/3 of total estate value (less than 1 million out of the 3 million total), whemat happened to the other 2M? This does not account for the unknown legal fees. 1. Shouldn’t we know what we are being charged (monthly, bimonthly?) for legal fees?
2. should I hire a second Atty or accountant to double check their work? Or would that be a waste of funds? I know that is expensive, but I have lost trust in this Atty. Thank you!
Someone likely entered into a fee agreement with the attorney. The fee agreement likely sets forth how often the attorney will send an updated accounting. You should ask and expect the attorney to generally follow the terms of this agreement.
There should be an accounting of fees whenever the attorney is distributing fees from the client (the estate) to the firm as payment.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.