Is it typical for it to take 4 months to pay beneficiary from a Trust?
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Is it typical for it to take 4 months to pay beneficiary from a Trust?
My mother passed 2 months ago. My brother and sister at the executors. The lawyers tell them that it’s a waiting period for notices to be sent out and replied to. Can you explain it to me?
Asked on May 21, 2019 under Estate Planning, Arizona
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 4 years ago | Contributor
Every case is different, since it depends on the terms and complexities of the trust. That said, there are many things that impose delays--getting death certificates; getting a final accounting of all assets, monies, etc. in the trust; sending notices to anyone who may be entitled to a distribution from the trust or may have a claim against it, and providing those persons with time to respond; getting court approval of any distributions; etc. A four-month delay is neither long or unusual in a case like this.
For example: when my father passed, I was his sole heir (as only child) so there was no one involved but me. There were no significant claims against his estate. His assets were easily located and categorized. It still took 7 monthss to settle his estate.
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