Legal Question in Family Law in New York
duties of an executor to the estate
Under NY state laws is there any laws that govern a person who is executor to an estate? Aren't they suppose to prepare a full accounting of all monies?
1 Answer from Attorneys
Re: duties of an executor to the estate
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Various sections of New York's Surrogate Court Procedures Act (SCPA) and of New York's Estate Powers and Trusts Law (EPTL) enumerate the prerogatives and duties of the executor.
Sections 2205 and 2206 of the Surrogate Court Procedures Act discuss which parties, including the court itself, can demand an accounting from the executor, and the Surrogate Court Procedures Acts includes forms called "schedules" (e.g., Schedule A, Schedule B, etc.) which the executor can use for the executor's accounting.