Mr. Niemann discusses when a formal accounting can be denied under appropriate circumstances if a beneficiary’s demand for a formal accounting is unreasonable. While beneficiaries generally have the right to demand a formal accounting of an Estate or Trust, this right is not absolute and Mr. Niemann discusses the circumstances under which a court may deny a demand for a formal accounting and substitute instead an informal accounting.
Mr. Niemann offers his viewers this interesting, yet brief video containing important information about formal and informal accounting in Estate Administration in simple and easy to understand language.
A must watch video for those interested in beneficiary’s rights to formal accountings.
By Fredrick P. Niemann, Esq., a NJ Estate Administration and Probate Attorney