[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Probate Court Clerk's Name] [County Probate Court] [County Courthouse Address] [City, State, ZIP] Re: Estate of [Deceased's Full Legal Name] Case No: [Case Number] Dear [Probate Court Clerk's Name], I am writing to formally request the closing of the estate for the above-mentioned deceased individual. As the appointed personal representative, I believe all necessary actions have been completed, and it is now appropriate to distribute the remaining assets to the named beneficiaries and close the estate. To facilitate this process, please find enclosed a comprehensive breakdown of the assets and debts associated with the estate. Assets: 1. Real Estate: — Property Address: [Full Address— - Estimated Value: [Value] — Mortgage or Liens: [If Applicable] 2. Financial Accounts: — Bank Name: [Bank Name— - Account Number: [Account Number] — Current Balance: [Balance— - Any Outstanding Debts or Loans: [If Applicable] 3. Investments: — Investment Firm: [Firm Name— - Account Number: [Account Number] — Description of Investments: [Description] — Current Value: [Value] 4. Personal Property: — Description: [Description— - Estimated Value: [Value] Expenses: 1. Funeral and Burial Expenses: — Funeral Home Name: [Funeral Home Name] — Total Expenses: [Total Expenses] 2. Creditors and Debts: — Creditor Name: [Creditor Name— - Outstanding Balance: [Outstanding Balance] — Payment Plan/Status: [Payment Plan/Status] 3. Legal and Administrative Fees: — Attorney Name: [Attorney Name— - Total Legal Fees: [Total Legal Fees] Please note that all outstanding debts, expenses, and taxes associated with the estate have been settled. Additionally, a thorough review of the provided information by an attorney or financial advisor has confirmed the accuracy of the breakdown. To ensure a smooth distribution of assets, I kindly request the following actions: 1. Grant the final release and discharge to the personal representative for their duties regarding the estate of the deceased individual. 2. Provide a court order declaring the estate officially closed. 3. Authorize the transfer of the remaining assets to the named beneficiaries as per the last will and testament attached herein. 4. Issue the necessary documentation certifying the closure of the estate. I understand that the probate court may require additional documentation or steps before finalizing the estate's closure. If so, please let me know promptly, and I will ensure that all necessary requirements are satisfied. Thank you for your attention to this matter. Should you require any further information or have any questions regarding the enclosed breakdown, please do not hesitate to contact me. Sincerely, [Your Name] [Personal Representative of the Estate]
North Dakota Sample Letter for Closing of Estate with Breakdown of Assets and Expenses
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FAQ
The liquidator gives the heirs a final report, officially called a ?final account.? This is a report by the liquidator that tells the heirs what was left in the estate after paying all amounts owed. It also explains what went on during the liquidation.
The Estate Settlement Timeline: While there isn't a specific deadline set by North Dakota law, it's generally advised to do this within a month to prevent potential delays in the probate process.
Generally, beneficiaries have to wait a certain amount of time, say at least six months. That time is used to allow creditors to come forward and to pay them off with the estate assets. (In some cases, an executor may make partial distributions to the heirs after he or she estimates the debts.
The surviving spouse who is a devisee of the decedent has the highest priority for consideration as the personal representative in informal probate proceedings.
All beneficiaries do not need to formally approve estate accounts; however, it is best practice for the Executor(s) and main beneficiaries to sign the estate accounts to show a legal agreement across all parties. Nevertheless, the beneficiaries are entitled to receive a copy of them and review the information.
An 'Estate of' account is an account opened by the Executor(s)/Administrator(s)/next of kin in order to collect and deposit the funds from the Estate, disburse required payments and distribute any remaining funds to the beneficiaries.
A Final Account is a complete record detailing the assets, receipts, and disbursements made during a probate administration.
To prepare this schedule, list the assets and values of the estate as noted on the inventory and show the changes that have occurred to these assets and values since the inventory was first prepared.
