There is no specific time limit. A really complex and large estate can take decades to resolve.
Yes, they can sue the executor. They breached their duty if they did not resolve the taxes before closing the estate.
As long as the court agrees, yes they can. The beneficiaries cannot prevent the estate from being settled.
Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.
As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.
There is no reason you cannot become executor of an estate as long as the court agrees. As long as you are 18 or older, you can serve in that capacity.
They have to wait until the debts are settled. That may be as short as about 4 months. It can take years on a really complex estate.
The time it takes to settle an estate can vary depending on factors such as the complexity of the estate, any disputes among beneficiaries, and the efficiency of the executor. In general, it can take anywhere from a few months to a few years to fully settle an estate.
After the death of an individual, the executor typically has a legal obligation to distribute the estate to the heirs as specified in the will. If there are no debts to settle, this process can generally take a few months to a year, depending on the complexity of the estate and state laws. However, once all necessary legal requirements are met and the estate is settled, the executor should aim to make distributions to the heirs as promptly as possible, often within 30 to 90 days after finalizing the estate administration.
As long as the estate is still open. There is not specific length of time.
It depends on the complexity of the estate. It may also depend on the wording of the will.
The court will appoint a new executor to handle the estate. A bank or lawyer is often chosen to do this.
In Illinois, there is no strict deadline for the executor to settle the estate after a death. However, it is generally expected that the executor will complete the process within a year of being appointed. Delays could occur due to the complexity of the estate or legal challenges.