What is a Statement of Account in a Missouri Probate Matter?
A Statement of Account is the Final Accounting submitted in an Independently Administered Missouri Probate Estate. it contains Four sections. The first simply summarizes the initial Inventory filed in the case – in other words, what the decedent left to be administered. The second section is the “Settlement” – a detailing of all the financial transactions from the commencement of the estate administration up to the date of the settlement, and then summarizing the assets or property remaining to be distributed. The third portion is a listing of the beneficiaries / heirs of the probate, and the money or other property they will receive. The final part is a statement on the part of the Personal Representative that he / she has done everything required and that the Estate is in a Condition to be closed. After the Statement of Account is filed with the court, the Personal Representative can proceed to distribution after appropriate notices and publication has been made, or, alternatively, and preferably, after all interested parties have filed “Consents” or approvals to the actions of the Personal Representative.
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