Accounting
A report showing what came into the estate, what was paid out, and what is left.
Also known as: Final Accounting, Annual Accounting.
What Accounting means in an estate
The personal representative must be able to account for every dollar they handled: assets collected, income received, debts and expenses paid, and distributions made. Whether the accounting must be filed with the court or only sent to the beneficiaries, how often it is due, and whether beneficiaries can waive it vary by state and sometimes by county.
How this works in your state
The concept is national, but the forms, procedure names, thresholds, and filing practice vary by state. Open your state glossary and guides to see how accounting is handled where the estate is being settled.
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Information current as of April 4, 2026
Settled Estate is not a law firm, and this content is for informational purposes only and does not constitute legal advice. Probate laws and procedures in your state can change. Consult with a qualified attorney for advice specific to your situation. Full disclaimer.