Executors are legally obligated to regularly provide an accounting to beneficiaries of an estate, within two years of death and at least every two years thereafter. Early in the process, executors should discuss with the estate lawyer the best way to report to the beneficiaries any financial activity involving estate assets. It’s important to consider the estate’s assets and liabilities, settle on a manner in which to record the details of the financial activity and be prepared to provide an accounting at any time to those who are entitled to that information.