They would not be withholding money from the estate. They hold the money on behalf of the estate. They do not have to distribute the remainder until all debts and liabilities are resolved.
The executor of the estate is responsible for the estate. Use of the estate property is an asset and they should pay rent.
In New York State, the legal age to be an executor of an estate is 18 years old. Any adult over the age of 18 can serve as an executor to manage and distribute the assets of an estate according to the deceased's wishes.
You can't be executor of an estate if the individual is still living. However, the executor can make people move out of the house.
In Texas, an executor typically has four years from the date of the decedent's death to settle the estate. However, it is recommended to address the estate as promptly as possible to avoid potential complications or delays in the distribution of assets to beneficiaries.
If it is to the benefit of the estate, yes. The executor has a responsibility to maximize the estate.
Tennessee law does not proscribe a time frame. A complex estate can take many years to resolve.
Yes, gifts that were given within two years of the death can be pulled back into the estate by the executor.
There is no time limit to settle an estate. It can be very complicated and take many years to resolve and settle.
Interesting...I would say that you should find out who the lawyer was that handled the estate issues and go after HIM AS WELL.
Upon his remarriage, his will became null and void, as his spouse became co-owner of the estate.
In New York State, the age requirement to serve as an estate trustee (also known as an executor) is at least 18 years old. Additionally, the individual must be of sound mind and not have a felony conviction. If the designated executor does not meet these criteria, the court may appoint an alternative executor.
No....i was an executor in Illinois and it took over 4 years to settle the estate. If the lawyer has other matters to attend to and you dont push for an end you can go for quite awhile. Most good lawyers will have the estate tied up within 6 months.