Checklist · Wills, Estates, Probate & Succession
Estate ledger and proposed distribution statement (NSW)
A ledger of estate receipts, expenses and proposed distributions, with the NSW timing for creditors and for paying a legacy, before anything is paid to a beneficiary.
- Kind
- Checklist. Steps or checks to work through and tick off.
- Where it applies
- New South Wales
- AI use
- Yellow You and the tool draft together, with you directing. You check every statement you rely on.
- Law stated as at
- 22 October 2026
- Status
- Maintained. Checked on 22 October 2026 against the 2 authorities it cites, for New South Wales.
- Version
- 1
- Source
- Written for this library
When to use it
Use while administering a deceased estate in New South Wales, after the assets and debts have been listed and before a distribution. It does not replace a notice of intended distribution or a grant.
Used for these tasks
- Build the estate administration ledger: creditors, assets and distributions
- Summarise a deceased estate's documents into an asset and liability schedule
- Prepare a creditor-notice and claims timetable from the grant
Each task page says how far AI may help with the task and what the lawyer must review.
How AI may be used
AI may build the ledger from bank statements and invoices the executor has supplied; the practitioner decides what is a debt of the estate and whether it is safe to distribute.
AI may
- Enter receipts, expenses and assets from documents the executor has provided
- List the six-month period, the 30-day notice period, and the legacy-interest rate in the words of the pages that were read
- Flag an asset the NSW guide says is generally outside the estate, such as a joint asset or a superannuation death benefit
AI must not
- Must not draft an affidavit verifying estate accounts
- Must not decide that a family provision claim is out of time, or advise a person to bring or not bring one
- Must not state a commission entitlement; Legal Aid NSW has a heading on commission and the rule was not taken from that page
The lawyer checks
- Every debt, including tax, is in the ledger before a distribution is proposed
- The six-month period from death, and any notice of intended distribution, has been applied as those two NSW pages state
- Jointly held assets, trust assets, superannuation and life insurance are not treated as estate assets unless the document says they are paid to the estate
- A legacy unpaid 12 months after death is checked against the interest Legal Aid NSW describes
Method: how the Green, Yellow and Red levels are decided. This is guidance for planning, not legal advice.
Read the full text
The full text is available after you log in. It is free. When you log in you can:
- read the whole precedent, with its drafting notes beside it;
- copy it, or download it as a Word file or Markdown;
- add it to your firm’s knowledge base, so colleagues can find it;
- let the AI tools you connect read it from that knowledge base.
The summary, the law it rests on and the AI-use guidance above stay public. Privacy.
More in Wills, Estates, Probate & Succession
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- Caveat (Queensland UCPR Form 116)
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All precedents for Wills, Estates, Probate & Succession · Tasks and AI use in this area