Estate Accounting Reports — When And Why To Choose Formal And Informal

The probate process is designed to oversee the final distribution of estates and ensure that the estates’ and their heirs’ best interests are put first. This includes the financial side of estates. To accomplish this goal, accurate accounting reports must be created and turned over to stakeholders and the court. These accounting reports come in two primary categories. Here’s what you need to know about each.  1. The Informal Accounting…