An estate’s executor or administrator is responsible for overseeing an estate accounting, which is a document that details the estate's assets at the time of the decedent’s death and how the estate funds have been spent since the decedent passed away. This estate accounting, presented to the beneficiaries, is meant to be a clear and concise review which will help the beneficiaries to understand why they are receiving particular assets. Typically, the beneficiaries will have questions regarding the executor or administrator’s transactions, and it is important that those questions be answered satisfactorily and in full. When this occurs, most estate accountings are approved by the beneficiary and the executor or administrator and final distributions can occur.