Online rendering of account by the liquidator to the heirs

Description

Rendering of account

• The rendering of accounts is a crucial step in the estate liquidation process.
• It determines the net assets to be distributed to the universal heirs or calculates the liabilities of the estate, after settlement of debts to creditors and legatees by particular title.
• This step involves the preparation of a detailed balance sheet ofassets and liabilities by the liquidator, which is essential for transparent management.
• The statement of accounts must be sufficiently detailed to enable the heirs to verify its accuracy, thus facilitating the liquidator's release from his or her obligations by signing a discharge.
• It is important that the liquidator be prepared to hand over the administered assets and supporting documents at the end of his mandate.
• For optimal estate liquidation, make sure you have as much information as possible about the deceased's personal assets and debts before starting this service.

• For further legal information on liquidating or settling an estate, we invite you to consult our frequently asked legal questions.

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