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As an estate trustee, attorney (under Power of Attorney for Property), guardian or lawyer, you may be required to provide a full accounting of all financial activity in an estate to anyone with a financial interest in the estate, which is known as a passing of accounts.

A passing of accounts, when submitted to a Court, is required to be in a specific format as defined in the Ontario Rules of Civil Procedure. This format is always used for matters going before a Court.

Where a matter is not going before a Court, the passing of accounts format may also be requested and may be used for any of the following:

• ​an estate trustee's requirement to account to the beneficiaries of an estate
• mediation in the dispute of an estate prior to going to Court
  
• a beneficiary requesting a full accounting of an estate
  
• an attorney (under a Power of Attorney)
  
• a guardian for property of an incapacitated person
  
• a guardian for property of a minor (as may be required by The Office of the Children’s Lawyer)
  

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The estate accounting report we prepare in Court format will provide you with the required information to ensure your estate accounts are in order enabling you to fulfill your estate responsibilities.

​​​​​ESTATE ACCOUNTING
 

The report will include:

• Statement of Original Assets
• List of Liabilities and Unrealized Assets
  
• Capital/Revenue Receipts and Disbursements
  
• Statement of Investments
  
• Statement of Compensation
• ​Reconciliation