How long after requisiteinformation has been provided to lawyers can a beneficiary expect to see a payout?
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How long after requisiteinformation has been provided to lawyers can a beneficiary expect to see a payout?
As of a month ago my uncle, the executor of my grandmother’s estate, called to get requisite information (SSN, address, etc.) for the attorney. I guess this means it is still in probate? What is the average time-line from that point to distribution of funds?
Asked on July 28, 2011 New Jersey
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
I am so sorry for your loss. The time to complete probate really depends upon the size and complexity of the estate. Small estates could take only months while large estates could take years. The executor has to gather all the assets and debts, pay off all the debts, give notice to creditors, get appraisals of property, etc. On the average it should take about one year to complete. Claims against the estate may be made up to nine months from the date of death. But if a New Jersey inheritance or a federal estate tax return is required, the administration of the estate could take more than a year. You have the right to ask about progress. Good luck.
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