Understanding the Basics of Probate Accounting from job accounting code Watch Video

⏲ Duration: 28 min 14 sec
✓ Published: 29-Jan-2024

Description:
If you’re someone who is serving as a personal representative for someone’s estate in California, did you know that the state has specific guidelines for probate accounting? According to section 16062, the California probate code requires representatives to provide an accounting at least once a year. The purpose is usually two-fold: to show beneficiaries what assets exist, how they’ve been handled, how much is left to be divided up, and to show the individual in control of the money is doi