Monthly Archives: May 2024

Are Joint Accounts part of an Estate?

ARE BANK ACCOUNTS PART OF THE ESTATE ASSETS? It is not uncommon for parents to make their bank accounts joint with one or more of their children. This is particularly so when the parents are quite elderly. When an account … Continue reading

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Estate Accounts need to be kept in a specific format

FORMATTING ESTATE ACCOUNTS Executors of estates are required to keep detailed accounting records. These records include: • Original assets of the estate; • All capital and revenue received by the estate; • All capital and revenue paid out by the … Continue reading

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