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How long to settle an estate?
When my parents passed on it took a little over a year to settle up.
My aunt ( my mothers sister) and uncle have both gone round the bend and had no children of their own so after executing the will the remainder of their estate goes to myself and my three siblings. Today (Sept. 25) makes three years since her passing. This is not going to be a large inheritance by any means, but if the lawyer (hers) keeps dragging his feet i wonder if there will be anything left. My sister is the executrix so i have had no dealings with the lawyer. To my knowledge no one is contesting anything. Is this taking too long or what?
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Pete 79 911SC RoW "Tornadoes come out of frikkin nowhere. One minute everything is all sunshine and puppies the next thing you know you've got flying cows".- Stomachmonkey |
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09-25-2011, 05:44 PM
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From what I have seen, unless there are complications, it should not take more than a year.
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2001 911 Cabriolet |
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09-25-2011, 05:46 PM
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I'm with Bill
Join Date: Jun 2005
Location: Scottsville Va
Posts: 24,186
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When my mother passed her estate was settled within 6 months, but there were a lot less people involved
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Electrical problems on a pick-up will do that to a guy- 1990C4S |
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09-25-2011, 05:49 PM
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AutoBahned
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is a lawyer required in Vt.?
if you are not happy, then find another lawyer or do without |
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09-25-2011, 06:06 PM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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A year. Unless there are complications, or lawyers involved, or you have to sell assets (like a house).
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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09-25-2011, 06:10 PM
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Insert Tag Line HERE.....
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Aside from selling things off, if they have a living trust, it takes @ 4-6 weeks.
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09-25-2011, 06:31 PM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,969
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This should be a notice to everyone. Start a private trust and put your goods in it, then when someone passes, there is no interruption, the second trustee just takes over and there is no cost, delay or games being played.
IMHO the lawyer is playing games and dragging their feet to milk the estate. My Fathers took several months and thats it. Joe A
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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09-25-2011, 06:37 PM
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The house (Cape Cod,Ma.) was sold 2 1/2 years ago.
There is land here in Vermont that was in my mother and aunts names. My sister called about 5 weeks ago and informed me that the lawyer in Ma. can't do the VT. deal (apparently took him that long to figure that out?) so i've got our lawyer working on that.
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Pete 79 911SC RoW "Tornadoes come out of frikkin nowhere. One minute everything is all sunshine and puppies the next thing you know you've got flying cows".- Stomachmonkey |
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09-25-2011, 06:59 PM
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1979 Porsche 911SC
I
78 Porsche 911 Turbo
1972 porsche 72 rsr clone
1995 porsche 993
1995 porsche 993
1990 porsche C2 911
1966 porsche 911
1984 Porsche 911
2003 Porsche 996
