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Annual Accounts

Annual Accounts. Authority. PC § 399 EC Chapter 359. When?. 12 months after letters issued and every year thereafter. Contents. Very detailed! PC § 399 EC § 359.001 Vouchers required. Supported by affidavit. Advice?. Possible penalties for not filing. Revoke letters

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Annual Accounts

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  1. Annual Accounts

  2. Authority • PC § 399 • EC Chapter 359

  3. When? • 12 months after letters issued and every year thereafter

  4. Contents • Very detailed! • PC § 399 • EC § 359.001 • Vouchers required. • Supported by affidavit. • Advice?

  5. Possible penalties for not filing • Revoke letters • $500 and/or $1,000 fine

  6. Court action • Judge will consider the account after it is on file for at least 10 days. • Interested party file complaint for accounting if not rendered with 15 months from grant of letters.

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