Saturday, March 1, 2014

a will is presented to court thru probate-when willi get any money?

Question

a will is presented to court thru probate-when willi get any money?



Answer

In most cases, distributions won't be made for at least 6+ months. But every situation is different. Ask the executor for an estimated timeline.



Answer

When the administrative process is complete: when all the assets are inventoried, the bills paid, the fees of administration covered, then the assets can be distributed. The length of time is a function of how many parties are entitled to notice, if the decedent had bills outstanding, and how many of the assets are not in the form of cash and must be liquidated to cash. It could take anywhere from six months to three years. Ask the executor.



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