As an executor of an estate, you have certain legal responsibilities to the beneficiaries, including providing them with information about the estate’s finances. However, the extent of this information can vary depending on the laws of your state and the terms of the will.
In general, you are required to provide beneficiaries with a copy of the final tax return for the estate. This return shows the income, deductions, and taxes paid by the estate, and it is an important document for beneficiaries to have for their own tax purposes.
As for bank statements, you are not typically required to provide beneficiaries with copies of all of the estate’s bank statements. However, you should be prepared to provide them with statements for any accounts that they are specifically interested in, such as accounts that contain their inheritance.
It’s always a good idea to consult with an attorney to get specific advice about your obligations as an executor, especially if there are any disputes among the beneficiaries.
