No. Absent a contested issue and/or disagreement with the beneficiaries, the preferred approach is for the executor and beneficiaries to amicably enter into an informal Family Settlement Agreement. The executor provides the beneficiaries with an informal accounting regarding the affairs of the estate, including identifying the assets, debts, and expenses of the estate (including attorney fees and executor’s commissions). This usually includes providing a copy of the Pennsylvania Inheritance Tax Return and the Department of Revenue’s review of the Return. This also includes a schedule of distribution indicating the share each beneficiary shall receive.
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