Quick Answer The liquidation and distribution account is the full financial statement of a deceased estate. Under Section 35(5) of the Administration of Estates Act, the executor advertises it on the J187 form so that the account lies open for public inspection for 21 days before anyone is paid. What the Liquidation and Distribution Account Is The account is the moment of truth in every estate. Prepared by the executor after the J193 notice to creditors has run its 30 days and the debts are known, it sets out every asset the deceased owned, every liability, the costs of administration, and exactly how the remaining balance is divided between the…