My grandmaother's house was just sold, my mother has already past away. The lawyer who did the closing put my mother's share in an estate. I don't know why he did it that way. How does my mother's children get the money out of the estate?
Hello,If the property was still in grandmother's name when she passed, the executor of the estate would sell the house and put the money into the estate bank account. Then he would make any distributions from the estate bank account to the individual heirs. Everything must go through the estate first because legally grandmother's estate owns all her property after she passes..Once all the debts of the estate have been paid, the executor can then distribute any assets in the estate to the beneficiaries. But there is no set time that an executor must distribute assets by if there are still outstanding debts.
.
Thanks.
Barrister
If I have answered your question, PLEASE CLICK THE GREEN "ACCEPT" button NOW, so that I receive credit for my work. Bonuses are optional and greatly appreciated. Please keep in mind that I am trying to help you understand and resolve your situation. I don't make the laws, I am just reporting/interpreting them, so the outcome may not be what you had hoped for.
. Please be patient as I am typically working with several customers at any given time. Some answers take 5 minutes, some 35 minutes, depending on the level of complexity. But rest assured, I will get back with you as soon as I am able.
If you need additional clarification on this question, just click "Reply" and I will be happy to help you. Please give me as much detail as you can so that I can respond after receiving all the relevant details.
Please be aware that I am not entering into an attorney client relationship, this is a public forum, and all posts are available for public viewing. There is no duty of confidentiality that attaches to any posts. With that in mind, please do not post any specific information you do not want available for public viewing. The information provided is not a substitute for a local attorney’s legal advice.
You didn't answer my question. It wasn't about my grandmother's estate it was about the money that was put in my mother's estate