Annual Account Of Executor Or Administrator

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.

Annual Account Of Executor Or Administrator is a commonly used form within Texas. 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 Annual Account Of Executor Or Administrator

Sometimes it’s tough to find a quick summary— here’s the important details you should know about Annual Account Of Executor Or Administrator:

• This form pertains to the State of Texas

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 Texas’s Form Annual Account Of Executor Or Administrator up to date, certain details can change from time-to-time with little or no communication.

Step 1 - Download the correct Texas 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 Texas 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 Annual Account Of Executor Or Administrator, take a break, and then review. Probate and estate settlement processes in TX 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 Annual Account Of Executor Or Administrator 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 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 Annual Account Of Executor Or Administrator 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 Texas.

5 reasons you should submit this form as quickly as possible:

1. The sooner you begin, the faster Texas 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 Texas. 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 Texas 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 Texas 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 Texas probate clerk or court for exact answers regarding Form Annual Account Of Executor Or Administrator, and when in doubt— consult a qualified trust & estates lawyer for that area.

Annual Account Of Executor Or Administrator is one of the many probate court forms available for download through Atticus.

It may also be available through some Texas 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 Texas.

While Atticus automatically provides the latest forms, be sure to choose the correct version of Form Annual Account Of Executor Or Administrator 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 Texas probate court office.

Annual Account Of Executor Or Administrator 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 Texas-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 Texas Form Annual Account Of Executor Or Administrator. You can use this to get an idea of the context of the form and what type of information is needed.

No. ________________ IN THE ESTATE OF ) ) IN THE _____________ COURT FOR ) ______________ COUNTY, TEXAS ____________________________, ) DECEASED ) Annual Account __________________, _______________ of this estate (“Applicant”), presents this verified exhibit pursuant to the provisions of Chapter 359 of the Texas Estates Code: 1. This account covers the twelve-month period from __________ to __________. 2. The following claims against the estate have been presented, and the following action has been taken with respect to each (Describe all claims presented and state whether they have been allowed or rejected and whether they have been paid. If there are no claims, state “NONE.”): ________________________________________________________________________ 3.The property that has come to my knowledge or into my possession and that was not previously listed or inventoried is as follows (Describe and state the value): ________________________________________________________________________ 4.The following changes have occurred in property of the estate but have not been reported (Give details): ________________________________________________________________________ 5.The receipts of the estate have been as follows (Give amount, date, and description of each) : ________________________________________________________________________ 6.The disbursements of the estate have been as follows (Give amount, date, and description of each): ________________________________________________________________________ 7.The description of the property being administered is the same as the property shown ______________________________ ____________________________________________, except as otherwise specified herein. 8. The following cash belonging to the estate is on hand (Give amounts, location of depositories, type of account, and whether account is subject to order of the court): ________________________________________________________________________ 9.Attached to this account are proper vouchers for each item of credit claimed in this account. 10.Attached to this account are verifications from all depositories where money or other personal property belonging to this estate is being held in safekeeping. 11.During the period covered by this account, all required bond premiums have been paid. All returns have been filed and all taxes due and owing have been paid, and the date the taxes were paid and the governmental entity to which the taxes were paid are as follows ( Describe each tax return and give the amount of taxes paid, the date taxes were paid, and the governmental agency to which taxes were paid): ________________________________________________________________________ 12. This account contains a correct and complete statement of the matters to which it relates. Applicant requests the Court to hear and approve this account and sign such other orders as may be proper. Respectfully submitted, SIGNATURE Printed Name: _____________________________ Address: _________________________________ Phone: ___________________________________ Email:___________________________________ Affidavit of _______________________ STATE OF TEXAS ) ) COUNTY OF ______ ) BEFORE ME, the undersigned authority, on this day personally appeared _________________, known to me to be the ________________ of the Estate of ____________, Deceased, and to be the person whose name is subscribed to the foregoing Annual Account, and, after being duly sworn by me, stated that the account and all vouchers and other attachments thereto are true, correct, and complete in every respect. ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ SIGNATURE SUBSCRIBED AND SWORN TO BEFORE ME by ___________________ on ___________________________. ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Notary Public, State of Texas Order On this day the Court heard and considered the foregoing Annual Account. The Court finds that it has jurisdiction and venue of this proceeding; that the Annual Account has remained on file for a full ten days before being considered; that the Court is fully advised as to all the items of the account, possession of cash and other assets kept in safekeeping, as well as those on deposit; that all vouchers were produced and filed for each item of credit claimed in the account and that satisfactory evidence has been presented as to the status and existence of the assets of this estate; and that the facts stated in the account are true, correct, and complete and that this account should be approved. It is ORDERED that the foregoing Annual Account is APPROVED. It is further ORDERED that all unpaid claims allowed, approved, or established by judgment and described in the Annual Account shall be promptly paid out of the funds belonging to this estate. SIGNED on ___________________________. ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Judge Presiding