LEGAL GUIDE
Written by attorney Kera Murphy Reed

Estate Closure and Fiduciary Liability

Once you have collected the assets of the estate, paid the expenses, debts, and taxes you are ready to begin the closure of the estate. In order to close the estate you should prepare what is known as an accounting. This accounting is meant to show the beneficiaries what you collected, what you paid, and what is left to be distributed.

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