WHAT REPORTS WILL AN EXECUTOR OR ADMINISTRATOR HAVE TO FILE WITH THE COURT?
After qualifying as Executor or Administrator of the estate, there are certain requirements that must be followed in order to show the Court that the estate has been properly administered and then distributed to those entitled to receive the assets. First, a Notice of Probate must be sent to those entitled to receive notice such as beneficiaries named in the Will and heirs-at-law. The Court Clerk will provide the necessary forms and instructions at the time the Will is filed or an Executor or Administrator is appointed. The Notice must be sent out within 30 days of filing the Will or qualification. Second, an Inventory must be filed with the Commissioner of Accounts for the jurisdiction where the estate is opened within 4 months of the qualification. This document lists all assets in the decedent’s name or payable to the estate. Third, an annual accounting must be filed with the Commissioner of Accounts until the estate is closed. This covers a one-year period and must be filed no late
