Is there a rule that specifies the length of time a trustee has to complete the disbursement of the trust after the grantor has died?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Is there a rule that specifies the length of time a trustee has to complete the disbursement of the trust after the grantor has died?
Asked on December 21, 2012 under Estate Planning, Kansas
Answers:
Victor Waid / Law Office of Victor Waid
Answered 11 years ago | Contributor
Generally the terms of the trust will control the time when a trust must be distributed, except no sooner than statutory time for notice to be given to all beneficiaries of the trust who may have claims, notice to creditors be given, and all federal and estate tax clearances have been obtained and any other government liens have been satisfied.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.