Does state law allow for partial disbursement of liquidated assets before the entire estate is settled?
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Does state law allow for partial disbursement of liquidated assets before the entire estate is settled?
The estate includes roughly $900,000 of assets that have been liquidated, and a house apprised at about $165,000 that has yet to be sold. Do we legally have to wait for the house to be sold before any disbursements can be made to beneficiaries?
Asked on August 21, 2015 under Estate Planning, New Jersey
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
I am so sorry for your loss. If you are asking if the laws of the state of New Jersey allow for the partial distribution of estate assets during probate the answer is yes, they do. SO the executor can do so but it may be their choice. Good luck.
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