There may be a little or there may be plenty, depending on each individual file. Once you assume the role of Executor or trustee, you assume personal liability to fulfill all requirements imposed on you by the law. This includes making sure all of the assets are accounted for, tax cost basis is adjusted, properties sold or distributed, correct IRA RMDs established, and a host of other issues. If, for example, you make full distribution to the beneficiaries, closing out the administration before completing these tasks, and a legal obligation or unforeseen tax liability arises, you are personally responsible to pay for that obligation out of your own pocket if the beneficiaries won’t refund their proportionate share of the inheritance to pay for the obligation. The Estate Settlement Program® walks you through this process to minimize the chance that these problems arise.