Once the court approves the final distribution, what happens next? Here is what to expect after the probate process wraps up.
After months (or years) of waiting, the probate court finally approves the final accounting and authorizes the distribution of assets. But probate "closing" isn't an instantaneous event — there are several steps between court approval and actually receiving your inheritance.
Final accounting. The executor files a detailed report of all estate transactions — every dollar received, every bill paid, every investment gain or loss. Beneficiaries have the right to review this accounting and object if anything seems wrong.
Court approval. The court reviews the final accounting and the proposed distribution plan. If no beneficiary objects and everything is in order, the court issues an order authorizing distribution.
Asset transfers. The executor distributes assets according to the will and court order. Cash goes via check or wire transfer. Real estate requires deed preparation and recording. Investment accounts need beneficiary designation changes or transfers. Vehicles need title transfers. This phase can take several weeks to complete.
Closing the estate. After all distributions are made, the executor files a final report with the court and is formally discharged from their duties. The estate bank account is closed. The estate ceases to exist as a legal entity.
Your inheritance may come in various forms: a check or wire transfer for cash, a deed for real estate, transferred investment accounts, titled vehicles, or physical personal property. The executor should provide you with documentation of exactly what you received and its value — you'll need this for your own tax records.
In most cases, inherited assets are not subject to income tax. You receive a "stepped-up basis" on inherited property, meaning the tax cost basis resets to the fair market value at the date of death. However, there are exceptions: inherited retirement accounts (IRAs, 401(k)s) are taxable when withdrawn, and a handful of states impose an inheritance tax on beneficiaries. Consult a tax professional about your specific situation.
Disclaimer: This page is for general informational purposes only and does not constitute legal, financial, or tax advice. Probate laws, timelines, and costs vary significantly by state and by individual circumstances. We strongly encourage you to consult with a qualified attorney or financial advisor for guidance specific to your situation. First Heritage Funding is not a law firm and does not provide legal services.
After the court issues the final distribution order, it typically takes 2-6 weeks to actually receive your inheritance. Cash distributions are fastest (check or wire). Real estate transfers, investment account changes, and vehicle title transfers take longer due to paperwork and processing.
Once the court has ordered distribution, the executor is legally obligated to distribute the assets as directed. If they fail to do so, you can petition the court to enforce the order. The executor could face contempt of court charges and personal liability for any losses caused by the delay.
You have the right to file an objection with the court before the final accounting is approved. Common objections include questionable expenses, missing assets, or errors in the distribution calculation. An objection can delay the closing — but it's your right to ensure the estate was properly managed.
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