How long does it take to get money left in a will?

Answer 1

If you are named on the deceased will, it can take (from date of death to receiving your money),between 3 and 12 months. Probate happens in these steps Gather all information on bank accounts and assets (house, car) Set up a bank account in either the deceased name or estate executor's name Send letters and non photo copied copies of the death certificate to each company explaining who has died and where you want the monies transferring to (Some companies holding large amounts of money will want a certificate of Probate before they release) Fill in the HMCS probate form with approximate amounts of each asset and account An interview will be arrange where executors swear an oath, then you will have Probate. Send Probate certificate to each company that requires a certificate Money will be payed into the new bank account and then the executor is by law responsible for dealing out money to either any debts or whom ever is named on the will. From interview to having money in your account takes no more then 2 weeks

Answer 2

It varies, depending on the complexity of the estate and the laws of the state where the decedent resided. I've seen it in as short as two weeks (very rare) and as long as 10 years in a case involving a Will contest.

Answer 3

There is no set time frame. Each state has a minimum amount of time, usually three or four months, so that creditors can file against the estate. After that it depends on the size of the estate. One year is a typical time frame and it should not take over two years.

Answer 4

Depends on how long it takes to settle the estate. a Motion for Partial Distribution can be made but usually payout of inhertances is made just before the estate settles and closes.

Answer 5

It can be as short as about 4 months to many years. The estate has to be valued, the debts paid and the distribution plan approved. Then the money and goods can be given out.

Answer 6

It can take a long time. At a minimum it will be at least four months, some estates go on for many years.