ADMINISTRATION ACCOUNT – An accounting of all financial activity of a Probate Estate beginning with Assets Inventoried as of date of death, adjusting for Actual Sale Values, Income received, Expenses of Administration, Disbursements and Distributions to Heirs.
ADMINISTRATION ACCOUNT DELINQUENCY NOTICE – A Notice issued by the Register of Wills to either remind the Personal Representative and/or attorney that an Administration Account is soon due or, a Notice that an Administration Account is past due. Note that some Counties send Reminder Notices and others send Delinquency Notices. A delinquency Notice generally includes or is followed by a Show Cause Order to Remove the Personal Representative.
ADMINISTRATION ACCOUNT REMINDER NOTICE – A Notice issued by the Register of Wills to either remind the Personal Representative and/or attorney that an Administration Account is soon due or, a Notice that an Administration Account is past due. Note that some Counties send Reminder Notices and others send Delinquency Notices. A delinquency Notice generally includes or is followed by a Show Cause Order to Remove the Personal Representative.
ACTUAL SALE VALUE – The value an Estate Asset was actually sold for, which may differ from the value it was Inventoried for. An adjustment is taken on the Administration Account to take a gain or loss to the Estate if an asset, such as Real Property, a Vehicle or other Tangible Personal Property, if the asset is sold for more or less than the value on the Inventory.
ADMINISTRATIVE PROBATE – A Court hearing to determine or appoint a Personal Representative of the Estate, to settle a Will Caveat (Contest) or other matter related to Probate.
AUDIT MEMORANDUM – A Notice issued by the Register of Wills requesting additional information, clarification of information, or proof of information as it related to any Court filing during the Probate process.