Does my signinga waiver regardingthe waiting period regarding final distribution of an estate, also waive my rights to the remaining balance?
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Does my signinga waiver regardingthe waiting period regarding final distribution of an estate, also waive my rights to the remaining balance?
I recieved a check with a form to sign that is the “final distribution” and request to waive 60-Day waiting period for final distribution to become final. A prior letter stated that money is being held back pending unknown expenses and will be split between us and another party if any remains.
Asked on November 4, 2011 under Estate Planning, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The document that you received from either the attorney handling the Estate or its representative simply allows you to receive the money or other assets that you are entitled to sooner than the 60 day statutory time period for the distribution of the assets that you are entitled to as a benficiary under the Estate that is presumably being probated.
Signing the proposed waiver has no effect upon what other monies or assets that you might be entitled to from the Estate after the initial distribution is made. You should contact the Estate's attorney about any other questions that you may have on the document sent you.
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