Tags
Accounting Process, Beneficiaries, Bookkeeping, Bookkeeping System, Common Estates, decedent, estate, Estate Administration, Estate Bank Account, Executor, Final Accounting, Inventory of Assets, Probate Court, probate process
The accounting process of an estate is an integral part of the probate process. Although estate law is different in many states, all states allow beneficiaries access to a final accounting. Therefore, an executor of an estate must produce a final accounting to close the estate.