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 Statement of Gross Income Form DR 501A Bcpa 2020

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when someone passes away in California with a will-based estate plan their estate must pass through the California probate process the executive named in their will is tasked with managing and settling the deceased person's estate paying off debts and distributing assets to the beneficiaries one common question asked by beneficiaries is does an executive have to give an accounting to the beneficiaries in California the short answer is yes but with a few caveats I'm Daniel Hunt a certified specialist in estate planning trust and probate law in this video I'll explain when an executive does and does not need to give an County to beneficiaries in California an executive's accounting is essentially a detailed report showing how the estate's assets were managed What expenses were incurred and how the assets were ultimately distributed this accounting serves as a transparent way to inform beneficiaries of the estate's financial status and the e

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