If there are questions, the probate court will ask the executor for explanations before signing the order. Although an executor can prepare it, most executors will have the estate's attorney or an experienced accountant prepare the accounting. Having a professional prepare the accounting has several advantages and the fee will be an expense of the estate. A professional will know the format that the court clerk will be looking for. Additionally, a professional is far less likely to make errors in preparing the document.
Vouchers are the special receipts attached to the checks in the estate's checking account.
Some but not all states require the executor to use these special vouchers. There is typically a place on the voucher not only for the name of the payee of the check, but also for his address, the purpose of the disbursement, and a place for a signature of the payee acknowledging receipt of the check. The probate court will typically require the executor to submit vouchers accounting for every penny of the estate's money along with the accounting. When submitting the accounting, the executor will have to include a statement that all federal and state income taxes have been paid as well as state inheritance taxes and federal estate taxes. Inc. All rights reserved.