Yes, once all estate disputes have been resolved and debts have been paid, the executor is required to file a final accounting and a petition for final distribution with the probate court. These documents must also be served to all the beneficiaries — even those who previously waived their right to receive accountings.
The documents outline how the estate will be distributed, including the amount and type of assets each beneficiary will receive, as well as any reductions due to debts, taxes or administrative costs.
If an executor fails to provide this required notice or distributes assets before the court has approved the final documents, they could be held personally liable for any accounting discrepancies or improper distributions.
Beneficiaries also have the right to challenge the accounting or the distribution plan if it appears incomplete or inaccurate, which may cause delays until the matter is resolved.
