---
title: "Estate ledger and proposed distribution statement (NSW)"
url: "https://ailawframework.com/precedents/wills-estates-probate-and-succession/estate-accounts-and-distribution-statement"
type: "precedent"
site: "AI Law Framework"
id: "a17-estate-accounts-and-distribution-statement"
area_id: "A17"
kind: "checklist"
ai_level: "yellow"
version: 1
task_ids: ["A17-T1-R7", "A17-B7-2", "A17-A20260923-2"]
law_stated_as_at: "2026-10-22"
---

# 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.

Canonical page: https://ailawframework.com/precedents/wills-estates-probate-and-succession/estate-accounts-and-distribution-statement  
Law stated as at: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

- Kind: Checklist. Steps or checks to work through and tick off.
- Practice area: [Wills, Estates, Probate & Succession](https://ailawframework.com/precedents/wills-estates-probate-and-succession.md)
- Jurisdictions: New South Wales
- AI level: Yellow. You and the tool draft together, with you directing. You check every statement you rely on.
- Law stated as at: 2026-10-22
- Status: Maintained. Checked on 2026-10-22 against the 2 authorities it cites, for New South Wales.

## 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](https://ailawframework.com/practice/wills-estates-probate-and-succession/build-the-estate-administration-ledger-creditors-assets-and-distribution.md)
- [Summarise a deceased estate's documents into an asset and liability schedule](https://ailawframework.com/practice/wills-estates-probate-and-succession/summarise-a-deceased-estate-s-documents-into-an-asset-and-liability-sche.md)
- [Prepare a creditor-notice and claims timetable from the grant](https://ailawframework.com/practice/wills-estates-probate-and-succession/prepare-a-creditor-notice-and-claims-timetable-from-the-grant.md)

## 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

## Authorities

- [Legal Aid NSW, Distributing the estate (last updated August 2026): six months from death, notice of intended distribution, legacy interest, receipts and records](https://www.legalaid.nsw.gov.au/my-problem-is-about/someone-who-died/wills-and-estates/distributing-the-estate)
- [NSW Government, Guide for executors: assets that are outside the estate, debts before distribution, fair market price, and time to finalise](https://www.nsw.gov.au/family-and-relationships/deaths/after-a-death/will-and-deceased-estate/guide-for-executors)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/wills-estates-probate-and-succession/estate-accounts-and-distribution-statement and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*