Generally, the executor of the estate should settle the estate within 9 months of the decedant's death. However, that generalization can be substantially longer if there is real estate or some other asset(s) (ie. a business) that must be sold.
So, in answer to your question - it all depends on the type of assets the decedant owned at the time of death and how easy it is to sell such if the heirs want money.
I don't understand what has gone on here.
An estate is different than a trust - a trust can be established that circumvents distribution of estate assets because the assets are transferred into the trust.
Please explain what's going on here, the half beneficiary, etc. Thanks!
They can't withhold documents from the beneficiary. In fact, they must give the beneficiary copies of the documents upon request by the beneficiary.
What I would do is send the lawyer or whomever is in charge of the trust and/or estate and demand that they send you copies of the trust immediately or within 20 days. Inform them that if they don't you will petition probate court for the information.
If they don't give you the information you will have to file a Petition For Rule To Show Cause Why Trustee/Executor Will Not Produce Documents with the Probate Court.
That you will ask the probate judge to sanction them for not giving you the information that you asked for upon numerous occassions. That it is your right and their duty and liability to give you the information.
I don't care what the lawyer wrote - the executor doesn't have the power or authority to demand such - you on the other hand are entitled to the information.
I think the lawyer is just "puffing and blowing smoke" clearly. Once you inform his what your intentions are and that you are going to ask the court to impose sanctions against him - I think he will give you the information very fast because he doesn't want the court to sanction him.
thank you for your information..greatly apreciate it!
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