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This depends on the estate, the jurisdiction (what state) and the executor. In my mother's estate, there were three releases sent to the heirs. The final release had to wait for the "Tax audit release" proving that the Canadian feds weren't going to audit her taxes. That took sixteen months. But the executor cut the first check at just under two weeks. Officially nothing should be distributed until the tax people are finished. The executor might have to make up the lost funds to the government.
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How long can mineral rights go without being probated in ND They were in a estate in which the lady died in 1989 and never has been probated?
If the estate was not probated then the rights have not passed legally to the heirs. The estate must be probated. Until that has been done the heirs cannot exercise their mineral rights.If the estate was not probated then the rights have not passed legally to the heirs. The estate must be probated. Until that has been done the heirs cannot exercise their mineral rights.If the estate was not probated then the rights have not passed legally to the heirs. The estate must be probated. Until that has been done the heirs cannot exercise their mineral rights.If the estate was not probated then the rights have not passed legally to the heirs. The estate must be probated. Until that has been done the heirs cannot exercise their mineral rights.
How long can an executor of an estate hold on to proceeds from sales of home before he must distribute to heirs of will?
He must distribute the proceeds as soon as possible after all the debts of the estate have been paid. If he does not act with expediency the heirs can file a complaint and seek a court order,
How long after the death of a loved one does the executor have to settle the estate and get a loan to pay off the heirs?
The executor doesn't borrow money to pay off heirs. They get paid from the remaining estate, according to the provisions in the will, after the debts have been paid. If there is nothing left then the heirs get nothing. As to "how long", it depends on how complicated the situation is; an executor is expected to act in good faith with all reasonable and prudent speed, but the law does not require that the executor work miracles. If a substantial part of the estate is non-liquid assets, it could legitimately take longer for the estate to settle than if it were primarily cash.
How long does an executor have after a will has been probated to disperse the estate to the named heirs A home has to be sold also and money derived fro sale also divided in boise id?
It will depend on the complexity of the estate. There is no time limit on the execution of the estate.
What happens to a debt you owe to a person that dies?
The debt you owed to the decedent will become a part of their estate and their heirs can collect as long as they have proof that you owe the money. The heirs can request that an estate representative be appointed and that person can pursue payment from you. The debt does not just go away as long as there is evidence that the money was owed to the decedent.
How long does an executor of estate have to sell home in the will to be split between heirs?
There is no set time frame. They are required to do their best to get the most value for the property as possible.
Can an executor sell a vehicle to a family member if all heirs agree the vehicle is not in the Will?
Yes they can, but the there are 4 heirs, then at least 3 have to agree. The vehicle is just part of the Estate. Sometimes there are boats or other properties involved. Even homes can be sold with the agreement of all involved in the well as most people would rather have the money. If one of the Heirs (perhaps a son or daughter) really wants to buy and live in the home as long as they pay the market value of that home they can do so and that money goes into the Estate and is divided equally by the other Heirs. Marcy
How long do book royalties typically last for authors?
Book royalties typically last for the lifetime of the author, and may continue to be paid to their heirs or estate after their death.
Is it allowed for the administrator of the estate not to distribute the proceed of the estate after it has long been settled?
The estate is not settled until the final distribution is made. The heirs shouldn't sign off on the estate until they have received distribution of their shares. If the administrator tries to file a final account prior to distribution, thereby closing the estate, the heirs should object and notify the court that they haven't received there shares in the estate. Nothing should be left "up in the air" once an estate has been "settled". If there are issues remaining now that the estate had been closed you will need to consult with an attorney who can review your situation and explain your options.
How long after a Probate judge signs off on a probate estate can heirs to the estate contest it or bring it to superior court in Charleston South Carolina?
In South Carolina, heirs typically have eight months after the judge signs off on a probate estate to contest it or bring it to the superior court. This is in accordance with the state's probate laws, and it is crucial for heirs to act within this timeframe if they wish to challenge the probate process.
Can the executor of an estate in Michigan granted power to sell real estate in the will place it in a trust for the heirs?
Yes, as long as the court concurs. If there are enough assets to cover the debts without selling the property, they can create a trust. This is often done for minors.
How long does someone have to claim a relatives estate with no will and property is owned in Florida?
An Administration should be filed as soon as possible since the property is in the decedent's estate. Title cannot pass to the heirs at law until the estate is probated. Property taxes and municipal charges will accrue and must be paid to avoid a tax taking.
