An executor owes a fiduciary duty to beneficiaries, which means they are required to act in the best financial interests of the beneficiaries (and not in their own best interest). They must distribute the estate according to the deceased’s wishes and cannot favor themselves when distributing assets. However, the legal right to an accounting of the estate’s assets does not go into effect until 15 months after the probate court recognizes the executor or appoints the administrator. After 15 months, any interested party can demand accounting from the executor or administrator.