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- Contested Accounting Proceedings
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A fiduciary's final accounting
is the culmination of important transactions in the administration
of an estate or trust. In a final accounting, a fiduciary
will, among other things, propose final distributions to be
made to the beneficiaries. Objections are sometimes made to
such accounting, based upon a variety of potential problems
in the accounting, including financial losses, heavy fees
and expenses and omissions of potential assets in the estate
or trust. McCarthy Fingar represents clients on both sides
of the issues, sometimes representing fiduciaries seeking
to uphold their accountings. Sometimes, we represent the beneficiaries
objecting to a fiduciary's accounting. |
- The McCarthy Fingar
Approach in Contested Accounting Proceedings
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Whether we are defending or challenging a fiduciary's accounting,
the lawyers in our Surrogate’s
Court Litigation group will bring their many years of
experience to develop a strategy on how the case should
go forward. Litigation and trials in contested accounting
proceeding are labor intensive and can sometimes result
in an ineffective expenditure of legal fees by clients.
As a result, our lawyers often recommend that, prior to
filing objections to a fiduciary's accounting, we obtain
as much information and documents on the administration
of the estate or trust. Sometimes that examination and inspection
is voluntary; sometimes it takes place through a court-authorized
process. Following that review, our lawyers make recommendations
to a client on how to proceed.
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If you think you may require the assistance
of McCarthy Fingar's Surrogate’s
Court Litigation group, contact Frank
W. Streng by email (fstreng@mccarthyfingar.com)
or by phone (914-385-1022) with any question you may have. |
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Copyright McCarthy Fingar LLP 2001-2010 All Rights Reserved |
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