Affidavit Verifying Application And Accounts

There are all sorts of forms executors, beneficiaries, and probate court clerks have to fill out and correspond with during probate and estate settlement, including affidavits, letters, petitions, summons, orders, and notices.

Affidavit Verifying Application And Accounts is a commonly used form within Manitoba. Here’s an overview of what the form is and means, including a breakdown of the situations when (or why) you may need to use it:

Atticus Fast Facts About Affidavit Verifying Application And Accounts

Sometimes it’s tough to find a quick summary— here’s the important details you should know about Affidavit Verifying Application And Accounts:

• This form pertains to the State of Manitoba

• The current version of this form was last revised on June 1, 2022

Government forms are not typically updated often, though when they are, it often happens rather quietly. While Atticus works hard to keep this information about Manitoba’s Form Form 74AA - Affidavit Verifying Application And Accounts up to date, certain details can change from time-to-time with little or no communication.

Step 1 - Download the correct Manitoba form based on the name and ID if applicable

Double check that you have both the correct form name and the correct form ID. Some Manitoba probate forms can look remarkably similar, so it’s best to double, even triple-check that you’re using the right one! Keep in mind that not all States have a standardized Form ID system for their probate forms.

Step 2 - Complete the Document

Fill out all relevant fields in Form Form 74AA, take a break, and then review. Probate and estate settlement processes in MB are long enough to begin with, and making a silly error can push your timeline even farther back. No thank you!

Note: If you don’t currently know all of the answers and are accessing Form Form 74AA online, be sure to avoid closing the browser tab and potentially losing all your progress (or use a platform like Atticus to help avoid making mistakes).

Step 3 - Have Form Form 74AA witnessed or notarized (if required)

Some States and situations require particular forms to be notarized. If you have been instructed to get the document notarized or see it in writing on the document, then make sure to hire a local notary. There are max notary fees in the United States that are defined and set by local law. Take a look at our full guide to notary fees to make sure you aren’t overpaying or getting ripped off.

Step 4 - Submit Affidavit Verifying Application And Accounts to the relevant office

This is most often the local probate court where the decedent (person who passed away) is domiciled (permanently resides) or the institution involved with this particular form (e.g. a bank). Some offices allow you to submit forms online, other’s don’t, and we while we generally recommend going in-person to expedite the process, sometimes that simply isn’t an option.

It’s also a generally good idea to establish a positive working relationship with any probate clerk (unfortunately there’s enough people & process out there making things more difficult and unnecessarily confusing for them), so a best practice is to simply ask the probate clerk proactively exactly how and where they’d prefer you to submit all forms.

Need help getting in touch with a local probate court or identifying a domicile probate jurisdiction?

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Different probate forms or processes can require different deadlines or response times for completing the appropriate form.

While some steps in the process are bound to specific deadlines (like petitioning for probate, having to submit an inventory of assets, or filing applicable notices to creditors and beneficiaries), many probate forms or processes are not tied to a specific deadline since the scope of work can vary based on situational factors or requirements involved.

Either way, there are a bunch of practical reasons why personal representatives should work to complete each step as thoroughly and quickly as possible when completing probate in Manitoba.

5 reasons you should submit Form 74AA as quickly as possible:

1. The sooner you begin, the faster Manitoba can allow heirs and beneficiaries to get their share of assets subject to probate. Acting promptly can also decrease the costs & overall mental fatigue through an otherwise burdensome process.
   
   Helpful Context: What’s the Difference Between Probate and Non-Probate Assets?

2. In general, creditors of an estate usually have around 3-6 months from the time you file notice to creditors to file any claims for debt against the deceased’s assets. If they don’t, then that debt is forfeited (and more importantly, the executor won’t be held personally responsible). So doing this sooner means you have a better idea of who is owed what and ensures you won’t get a surprise collector months later.

3. Not filing a will within 30 days (on average) could mean that the probate process proceeds according to intestate laws (laws that govern what happens to someone's stuff without a will) or is subject to unnecessary supervision by the probate court. And if you aren't directly related to the deceased (a.k.a. next of kin), this could also mean you lose your inheritance.

4. It’s important to file any necessary state tax returns on behalf of the deceased or estate by the following tax season in Manitoba. If you don’t, you could owe penalties and interest. This also includes any necessary federal tax returns such as Forms 1040, 1041, or even a Form 706 estate tax return.

5. If a house in the State of Manitoba is left empty (or abandoned) for a while, insurance can get dicey. For example, if the house burns down and no one has been there for a year, an insurance company may get out of paying your claim.

If you’re not using Atticus to get specific forms, deadlines, and timelines for Manitoba probate, then try and stay as organized as possible, pay close attention to the dates mentioned in any correspondence you have with the State’s government officials, call the local Manitoba probate clerk or court for exact answers regarding Form Form 74AA, and when in doubt— consult a qualified trust & estates lawyer for that area.

Affidavit Verifying Application And Accounts is one of the many probate court forms available for download through Atticus.

It may also be available through some Manitoba probate court sites, such as . In order to access the latest version, be updated with any revisions, and get full instructions on how to complete each form, check out the Atticus Probate & Estate Settlement software or consider hiring a qualified legal expert locally within Manitoba.

While Atticus automatically provides the latest forms, be sure to choose the correct version of Form Form 74AA - Affidavit Verifying Application And Accounts f using any other site or resource in order to avoid having to re-complete the form process and/or make another trip to the Manitoba probate court office.

Affidavit Verifying Application And Accounts is a .pdf, so opening it should be as simple as clicking “View Form” from within the Atticus app or by clicking the appropriate link found on any Manitoba-provided government platform. Once you’ve opened the form, you should be able to directly edit the form before saving or printing.

Here’s the text, verbatim, that is found on Manitoba Form Form 74AA - Affidavit Verifying Application And Accounts. You can use this to get an idea of the context of the form and what type of information is needed.

Form 74AA – page 1/10 File No THE KING'S BENCH _______________________Centre IN THE ESTATE OF: , deceased AFFIDAVIT VERIFYING APPLICATION AND ACCOUNTS (Name, address and telephone number of party filing) Form 74AA – page 2/10 File No THE KING'S BENCH _________________ Centre AFFIDAVIT VERIFYING APPLICATION AND ACCOUNTS IN THE ESTATE OF , deceased. (I/We), ____________________________________________ of _______________, ____________, (name(s)) (city/town) (province/territory) (severally) make oath and say: 1. THAT the statements contained in the Notice of Application to Pass Accounts, signed by me and dated _______________, are true in substance and in fact. 2. THAT this is the first application to pass accounts. (OR) THAT the accounts in this estate were last passed on ____________________ for the period (date) from ___________________ to ___________________, and this application to pass accounts (date) (date) covers the period from __________________ to __________________. (date) (date) 3. THAT the account attached and marked as Exhibit A sets out a true and correct inventory of the estate, as at the date of death of the deceased or on the opening of this accounting period, as the case may be. Part 1 of Exhibit A sets out a true and correct inventory and valuations of the original estate, including (a) assets discovered after the application for probate or administration or after the end of the last period for which the accounts were passed, as the case may be; (b) the values placed upon the assets in the application; (c) how the assets were dealt with in the course of administration; (d) the value of unrealized assets and the amounts received for assets realized. The total value of all realized and unrealized assets is $_________________________. Form 74AA – page 3/10 File No Part 2 of Exhibit A sets out a true and correct account of all assets that have been reinvested during the period covered by these accounts. For each asset, the account includes (a)the date of each reinvestment; (b)the nature of each reinvestment; (c)the value of the asset at the time of each reinvestment; and (d)the net gain or loss in value of the asset at the end of the period covered by these accounts. The total gain (loss) for all assets reinvested is $_________________________. 4.THAT the account attached and marked as Exhibit B sets out a true and correct account of a ll money received by the estate (other than money received from the realization of original assets or from investments made by me) and the account includes (a)the individual amounts received by the estate; (b)the date when each amount was received; (c)the person from whom each amount was received; and (d)a description of each payment received. The total of all money received is $_________________________. 5.THAT, except for what appears in the accounts attached and marked as Exhibits A and B, I have not, nor has anyone else, so far as I know, received any part of the deceased's estate or the proceeds of the estate. 6.THAT the account attached and marked as Exhibit C sets out a true and correct account of all disbursements made by me or any other person, for and on account of the estate (except distributions made to beneficiaries and disbursements for investments) and the account sets out (a)the dates and amounts of the disbursements; (b)the names of the persons to whom the disbursements were paid; and (c)whether the account from which each disbursement was paid was income or capital. The total of these disbursements is $_________________________. Form 74AA – page 4/10 File No 7. THAT the account attached and marked as Exhibit D sets out a true and correct account of all payments and transfers of money or other assets of the estate made to named beneficiaries, and includes (a) the dates and values of each payment or transfer; and (b) the account from which each distribution was made. The total value of payments and transfers to beneficiaries is $_________________________. 8. THAT the account attached and marked as Exhibit E sets out (a) a summary, in debit and credit form, of the total of unrealized original assets, proceeds of assets realized, monies received, disbursements paid and distributions made to beneficiaries and the net gain or loss on investments made by me; and (b) a true and correct account of the values of each and every available asset of the estate still undisposed of and in the hands of myself or any other person. The total value of assets is $_________________________. (Severally) Sworn (or Affirmed) before me at the ___________ of______________________ in the Province of Manitoba, this ____day of ________________, _____. ___________________________ Signature of Deponent ___________________________________ Deputy Registrar for the King’s Bench, or Commissioner for Oaths in and for the Province of Manitoba My Commission Expires: _______________ Form 74AA – page 5/10 File No INVENTORY AND VALUATIONS Exhibit A to the Affidavit of ________________________________________ Sworn (or Affirmed) before me at ____________________________, on ________________. (city/town) (date) Commissioner for Oaths, Notary Public, etc. PART 1 OF EXHIBIT A — INVENTORY AND VALUATIONS OF THE ESTATE AS OF _____________: (date) Brief Description of Assets Inventory Valuation/ Value at the Beginning of a Period How Dealt With Actual Value of Assets Transferred or Sold Current Value of Assets Reinvested or Unrealized $ $ $ Totals $ $ $ Form 74AA – page 6/10 File No PART 2 OF EXHIBIT A — STATEMENT OF ASSETS REINVESTED: (Note: Complete Part 2 if assets were reinvested.) ASSETS REINVESTED Date of Reinvestment Asset Description Value at Date of Investment Value at Date of Reinvestment/ Current Value Gain/Loss $ $ $ Totals $ $ $ Form 74AA – page 7/10 File No MONEY RECEIVED Exhibit B to the Affidavit of ________________________________________ Sworn (or Affirmed) before me at ____________________________, on _________________. (city/town) (date) Commissioner for Oaths, Notary Public, etc. Date Received From Whom Received Description of Payment Received Amount Income Capital $ $ Total Income/Capital $ $ Total Money Received $ Form 74AA – page 8/10 File No DISBURSEMENTS Exhibit C to the Affidavit of ________________________________________ Sworn (or Affirmed) before me at ____________________________, on _________________. (city/town) (date) Commissioner for Oaths, Notary Public, etc. Date To Whom Paid Description of Payment Made Amount Income Capital $ $ $ $ Total Disbursements $ Form 74AA – page 9/10 File No PAYMENTS OR TRANSFERS TO BENEFICIARIES Exhibit D to the Affidavit of ________________________________________ Sworn (or Affirmed) before me at ____________________________, on _________________. (city/town) (date) Commissioner for Oaths, Notary Public, etc. Date To Whom Payment or Transfer Made Nature of Payment or Transfer Value $ Total $ Form 74AA – page 10/10 File No SUMMARY AND ASSETS ON HAND Exhibit E to the Affidavit of ________________________________________ Sworn (or Affirmed) before me at ____________________________, on _________________. (city/town) (date) Commissioner for Oaths, Notary Public, etc. Brief Description of Asset Value Credit Debit $ $ Assets Unrealized and Reinvested Assets Transferred or Sold Capital Receipts Income Receipts Capital Disbursements Income Disbursements Distributions to Beneficiaries Assets on Hand Totals $ $