Please note Probate Code Sections 11640 and 11460 et. seq.:
11640. (a) When all debts have been paid or adequately provided
for, or if the estate is insolvent, and the estate is in a condition
to be closed, the personal representative shall file a petition for,
and the court shall make, an order for final distribution of the
estate.
(b) The court shall hear and determine and resolve in the order
all questions arising under Section 21135 (ademption by satisfaction)
or Section 6409 (advancements).
(c) If debts remain unpaid or not adequately provided for or if,
for other reasons, the estate is not in a condition to be closed, the
administration may continue for a reasonable time, subject to
Chapter 1 (commencing with Section 12200) of Part 11 (time for
closing estate).
11460. As used in this chapter:
(a) A debt is "contingent" if it is established under Part 4
(commencing with Section 9000) in either a fixed or an uncertain
amount and will become absolute on occurrence of a stated event other
than the passage of time. The term includes a secured obligation
for which there may be recourse against property in the estate, other
than the property that is the security, if the security is
insufficient.
(b) A debt is "disputed" if it is a claim rejected in whole or in
part under Part 4 (commencing with Section 9000) and is not barred
under Section 9353 as to the part rejected.
(c) A debt is "not due" if it is established under Part 4
(commencing with Section 9000) and will become due on the passage of
time. The term includes a debt payable in installments.
11461. When all other debts have been paid and the estate is
otherwise in a condition to be closed, on petition by an interested
person, the court may make or modify an order or a combination of
orders under this chapter that the court in its discretion determines
is appropriate to provide adequately for a debt that is contingent,
disputed, or not due, if the debt becomes absolute, established, or
due. Notice of the hearing on the petition shall be given as
provided in Section 1220 to the creditor whose debt is contingent,
disputed, or not due, as well as to the persons provided in Section
11601.
11462. Notwithstanding any other provision of this chapter, if the
court determines that all interested persons agree to the manner of
providing for a debt that is contingent, disputed, or not due and
that the agreement reasonably protects all interested persons and
will not extend administration of the estate unreasonably, the court
shall approve the agreement.