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I am mailing or hand-delivering copies to all other interested parties. This form is used to ask the court to allow the administrator to distribute and make payment of claims in an insolvent estate.In this section, you can find information and answers to the following questions: 1. When can I close the estate and distribute the assets? Form 4970, Tax on Accumulation Distribution of Trusts. Interested person(s) must receive Formal Notice of a Petition to Determine Exempt property. Section. 732. 402, Florida Statutes. Bankruptcy estate filing threshold. Disposition of Personal Property Without Administration . The probate process is a safety measure for the distribution of property when someone dies.