Account rendering is the final step in the process of liquidating an estate. It is a written document by which the liquidator reports on their administration of the estate to the heirs. The liquidator must indicate whether it is a manifestly solvent estate or an insolvent estate.
The liquidator must provide details about their administration so that the heirs can evaluate the result.
The account rendering establishes the net assets to be distributed to the heirs or determines the liabilities of the estate after payment of creditors and specific legatees. Therefore, it is the balance sheet of the assets and liabilities of the estate prepared by the liquidator.
If you don't have time to consult with us, visit our FAQ section.
If you are unable to meet us, go to ScriptaLegal.com.