This page shows a sample Schedule of Distribution Form for a decedent's estate. Prior to closing or settling an estate, the executor or personal representative may be required to prepare a Schedule of Distribution showing the property description, value, and share of estate that each heir, devisee or legatee will receive. This article provides an overview of how a Schedule of Distribution is used in probate and estate administration.
Schedule of Distribution Form Instructions
Before printing your Schedule of Distribution, review the list of estate administration forms on our Executors Estate Forms page. This Schedule of Distribution Form is only a general template. It is not specific to your state or local probate court. This form is provided as an example or illustration for educational purposes only. Consult a probate lawyer for assistance preparing a Schedule of Distribution form that meets the state law requirements for the estate you are administering. The executor or personal representative should ensure that notice of the proposed distribution is provided to all persons entitled by law to receive such notice.If you are settling a small estate using informal estate administration procedures, the Schedule of Distribution may not need to follow any specific guidelines but must contain the information required to be provided to the
legal heirs and other parties entitled to receive the document according to state law. However, if you are required to submit the Schedule of Distribution to the probate court for approval, you will need to use a format that is accepted by that court and meets the court's filing requirements. When it is time to close an estate in
probate, the personal representative or executor may petition the court for an order to settle the estate and approval of the final accounting and distribution. A final report or accounting may need to filed with the court together with the petition for distribution. Review the court's instructions on electronic filing as well. If the court approves the Schedule of Distribution, it may issue an Order of Distribution or an order to distribute estate property.Before you can prepare a Schedule of Distribution, you may need an Inventory of the estate and a Final Accounting or Final Report. The figures or amounts from the inventory, accounting or report will be needed to prepare a Schedule of Distribution or related forms. To determine the amount available to be distributed from the estate, the total value of the estate must be calculated. Refer to our Executor Checklist for information on these steps. The Schedule of Distribution should provide a complete overview of the property in the estate that will be distributed, the creditor claims paid, the recipients entitled to receive the assets of the estate, and other pertinent information on how estate property will be disbursed.The Schedule of Distribution should list the names of all persons who may have a claim or interest in the estate under applicable laws. The heirs, devisees, legatees or other parties with an interest in the estate may object to the Schedule of Distribution or the proposal on how estate assets will be disbursed. For information on the rights of a surviving spouse, heir, beneficiary or creditor in the state where the estate is being administered, consult a lawyer. The executor or personal representative of an estate should pay particular attention to Creditor Claims before making any distributions.The requirements for a Schedule of Distribution are different from state to state. To find state statutes on probate and estate administration, refer to our list of state laws.
Schedule of Distribution Form
STATE OF Insert StateCOUNTY OF Insert CountyESTATE OF Insert Full Name of DecedentCase Number: Insert Case Number if applicableThis Schedule of Distribution is made by Insert Full Name of Executor or Personal Representative, as Executor or Personal Representative of the Estate of Insert Full Name of DecedentThe following creditor claims have been paid OR will be paid when approved by the court:Column 1: CREDITOR insert name of creditorColumn 2: AMOUNT PAID insert dollar amount paid or amount that will be paid upon court approvalColumn 3: UNPAID AMOUNT OR BALANCE OWED insert dollar amount of unpaid balanceInsert as many rows as necessary to list all creditor claims against the estate.Distributions of the following estate property have been made in the proportions or amounts shown next to their names below OR Distributions of the following estate property will be made in the proportions or amounts shown next to their names below when approved by the court:Column 1: PROPERTY include short description of assetColumn 2: DOLLAR VALUE list value or amount of the item, property or asset distributedColumn 3: NAME OF RECIPIENT list full name of heir, devisee, legatee or other recipientColumn 4: SHARE list share amount or percentage of estate distributed to the recipient, such as 33 percent or a one third shareColumn 5: DATE list the date of distribution if applicableInsert as many rows as necessary to list all distributions of estate property.OTHER FEES AND EXPENSESThe following fees and expenses have also been paid OR The following fees and expenses will also be paid when approved by the court:Column 1: FEE OR EXPENSE insert description of legal fees, executor fees, trustee fees, last illness or medical expenses, funeral expenses, and other expensesColumn 2: PAYEE insert name of payee, such as law firm name, hospital name or funeral home nameColumn 3: AMOUNT PAID insert dollar amount paidColumn 4: UNPAID AMOUNT OR BALANCE OWED insert any remaining balance owedInsert as many rows as necessary to list all fees and expenses.Insert a signature block below with lines for inserting the following information:Signature of Executor or Personal Representative, Date, Name of Executor or Personal Representative, Street Address, City, State, Zip Code, Telephone NumberIf applicable state laws require the signature of the executor or personal representative on the Schedule of Distribution to be notarized, insert notary acknowledgement language for the correct state with adequate space for the notarial seal and signature.END OF FORM
Copyright 2020 Pennyborn.com. ALL RIGHTS RESERVED. The Pennyborn.com Schedule of Distribution Form was published on November 12, 2018. Updated on December 23, 2019.
Forms for Executors
If you are the executor, personal representative or administrator of an estate, you will need to complete or prepare several forms and related documents during estate administration or probate. All legal documents, forms, notices, and other paperwork prepared, signed or distributed by the executor, personal representative or administrator of an estate should be reviewed and vetted by a probate attorney or other lawyer licensed in the state where the estate is administered.
INFORMATION ON THIS SITE, INCLUDING ARTICLES, ESTATE PLANNING FORMS, AND THE ESTATE PLANNING BLOG, DOES NOT CONSTITUTE LEGAL, FINANCIAL OR TAX ADVICE. Pennyborn.com is not a law firm and is not a substitute for a lawyer. Your use of this site does not create an attorney-client relationship. Information on this site is for educational purposes only and may not be accurate, complete or up to date.
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