Probate Glossary

Beneficiary Accounting

Estate accounting information shared with beneficiaries.

Definition

Beneficiary accounting is an explanation or report showing estate assets, income, expenses, debts, and distributions so beneficiaries can understand how the estate is being handled.

Related Terms

beneficiaryestate-accountingfinal-accounting

You May Also Want To Learn

Beneficiary
A person or entity entitled to receive estate assets.
Estate Accounting
A record of estate money received, spent, and distributed.
Final Accounting
A final report showing how estate assets were handled.

Frequently Asked Questions

Can beneficiaries ask for an accounting?

Beneficiaries may be entitled to certain information or accountings depending on state law, the estate status, court rules, and the type of interest they have in the estate.