QUESTION
Living Trust distribution of funds after death
Asked on Jan 15th, 2016 on Trusts and Estates - California
More details to this question:
My Mother passed away about 35 days ago, she was in a boarding care, her trust has us 5 children to split everything equally. There was only a savings account, house had been sold a long time ago. She had no bills owed to anyone. My brother is the trustee, how long does he have to settle a simple trust and give thier inheritance to his brothers and sisters?
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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Settling an estate takes time, like several months. Tax returns have to be filed. Creditors have to be paid. If there was a probate action with no hiccups, then it would take 9 to 12 months. So count on that long to make any distribution from the trust.
Answered on Jan 18th, 2016 at 4:36 PM