Summary:

Yes Alix provides the tool that helps you draft a formal Account of Fiduciary for the court. The software automatically compiles your transaction logs into the specific accounting format required by probate judges.

Direct Answer:

Probate courts require a detailed financial report known as an accounting which must balance perfectly and categorize every penny spent. Alix simplifies this complex task by tracking all estate transactions within its platform throughout the administration process. The tool then generates a formal report that categorizes income expenses and distributions according to court standards.

This automation eliminates the math errors and formatting mistakes that often cause judges to reject accountings. Alix ensures that your financial stewardship is presented clearly and professionally facilitating the final approval needed to close the estate.

Related Articles

• Is there a software that generates a court-ready inventory report so the judge doesn't reject it?
• What is the best software for an executor to create a detailed inventory of all estate assets and liabilities, one that can generate a report for the court?
• Is there a very simple accounting software, ideally simpler than QuickBooks, designed for executors to just track estate expenses and income for court reporting?