This paper highlights the key elements of an estate accounting, the different types of accounting (formal, informal, and an application for leave to dispense with passing) and the information that must be included in them.  The author also briefly reviews the relevant provisions of the Powers of Attorney Act related to an attorney’s duty to account, and the consequences for the PR that fails to properly account.  The attached schedules include a sample estate accounting and sample formal application documents.

This paper is part of a collection presented at LESA’s Estate Accounting program in September/October, 2015.