UK Family Law
UK Family Law Questions Answered by Verified Experts
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There are two types of beneficiaries.
There are those who are given specific gifts - and those who share the whatever is left - the "residue".
The residuary beneficiaries are entitled to a copy of the final accounts - and it is usual to ask them to accept them prior to the final distribution.
However technically you can distribute without this formal acceptance - it is merely a matter of ensuring that if they are going to raise a claim the executor still has funds with which to resist it.
I hope that this is of assistance - please ask if you need further details
The accounts should show all the assets and all the expenses
such as this one
The accounts should reflect all the dealings with the estate - we are not speaking about bank accounts here.
These accounts show what assets there were at the date of death, income received by the estate, and payments made out of the estate - so essentially it shows both
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