Step 7: The final settleup
An example with two heirs is shown below:
The total "estate bucks" that each heir owes the estate are added to the liquidated value of the estate that is to be distributed to the heirs, thereby increasing the gross value to be distributed to all heirs.
However, in calculating how big a distribution check each heir gets, that heir's tally sheet winning bids are subtracted from the heir's distribution check amount.
There is a 4 tab Spreadsheet linked below.
It has an Example Tally Sheet and a blank Tally Sheet for you to customize.
It has an Example Settlement Sheet and a blank Settlement Sheet for you to customize.