Closing the estate properly protects you for the future. With distributions complete, there are final steps to ensure your duties are discharged and your records are in order.
Final estate accounts
We prepare final estate accounts showing all receipts and payments. Beneficiaries receive a copy showing exactly what came in, what went out, and how their share was calculated.
- Summary of all assets collected
- All debts and expenses paid
- Distribution calculations
- What each beneficiary received
Releases from beneficiaries
Before closing the estate, we usually obtain releases from beneficiaries. These confirm they've received their entitlement and release you from further liability as executor.
"Releases protect you. They confirm that beneficiaries are satisfied with the administration and won't come back with claims later."
How Carlile Dowling helps at this stage
- - Prepare final accounts for the estate
- - Obtain releases from all beneficiaries
- - Advise surviving partner on updating their will and EPAs
- - Confirm that everything is complete
You've completed the guide
You now understand the full estate administration process:
- First steps after a death
- Understanding and valuing the estate
- Obtaining probate
- Collecting assets and paying debts
- Distributing to beneficiaries
- Closing the estate properly
We're here to guide you through every step. Call us on 06 835 7394 or email mailbox@cardow.co.nz .
Thank you for trusting us with this process
Serving as executor is a significant responsibility. We are glad to have helped you through it. If you or your family need us again in the future, we are here.
Contact us