QUESTION
How long does it take for someone's estate to be settled?
Asked on Oct 20th, 2013 on Estate Planning - Florida
12 ANSWERS
Probate Attorney serving St. Louis, MO
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Edward L. Armstrong, P.C.
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The minimum time is a little over six months. Usually it's longer and if the estate is very large it can take well over a year.
Answered on Oct 24th, 2013 at 9:39 AM
It takes a varying amount of time depending on the work required. Usually between 9 months and 2 years in Oregon.
Answered on Oct 22nd, 2013 at 11:33 AM
Business Planning Attorney serving Livonia, MI
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Frederick & Frederick Attorneys at Law
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It all depends on the facts of the estate. The estate must be open for a minimum of 6 months, under Michigan law.
Answered on Oct 22nd, 2013 at 7:59 AM
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It depends, 3 months to more than 10 years. There is no simple answer. Many more facts are needed. This information is only intended to give general information in response to an inquiry. It does not establish an attorney client relationship. This response is only based upon the limited facts presented and is merely intended to assist you in determining if you should contact an attorney to provide you with legal advice.
Answered on Oct 22nd, 2013 at 7:12 AM
Edwin K. Niles
It depends. If it is a probate estate over $100,000, it will take a minimum of seven months, because of notice requirements. It could take longer if there are issues such as sale of property, etc. If it is trust administration, it could be shorter.
Answered on Oct 22nd, 2013 at 6:36 AM
A court supervised probate takes a minimum of six months. A complicated trust administration could take longer. You should discuss the facts with a probate attorney if you are involved in an estate which seems to be dragging along.
Answered on Oct 22nd, 2013 at 5:57 AM
Commercial Contracts Attorney serving Boise, ID
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Peters Law, PLLC
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In Idaho, a minimum of 4 months for creditor's claims to be administered, but if it is a big estate, it could be years.
Answered on Oct 22nd, 2013 at 5:28 AM
Probate Attorney serving Newport, OR
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Minor, Bandonis & Haggerty P.C.
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In practical terms, it can't be done in less than six months (from the date of the petition for probate). My record longest is five years. It just depends on the facts and circumstances.
Answered on Oct 22nd, 2013 at 5:06 AM
Trusts Attorney serving Sacramento, CA
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Law Office of Victor Waid
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Varies from case to case, but anywhere from a year or more, depending on whether assets have to be converted to cash, whether beneficiaries and other interest parties are fighting.
Answered on Oct 22nd, 2013 at 3:57 AM
It depends on the size and complexity of the estate. By state statute, the executor usually has one year to complete the job. But some estates take years to settle either because someone challenges the dispursement of the assets or because there are so many elements of the estate that must be collected, valued, sold, etc.
Answered on Oct 22nd, 2013 at 3:56 AM
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At least 8 months, can be many years depending on the circumstances. At James Law Group we make every effort to respond to you quickly and efficiently. This means we may be responding to you from a mobile device. As you know, responding on these devices can result in typographical errors that my otherwise not occur. In order to provide this extra service, please be aware of this and excuse any errors that may be caused by responding in this forum.
Answered on Oct 21st, 2013 at 2:26 PM
It depends on what kind of an estate you have. Summary can take as little as a week, while full administration takes from 5 to 12 or more months. All depends on what is involved. The PR's attorney can give you better insight regarding time as it depends on the assets, debts, pending lawsuits, locating beneficiaries, etc.
Answered on Oct 21st, 2013 at 2:22 PM