Legal Question in Wills and Trusts in California
After an individual dies, how long does it take for heirs to receive inheritance from a trust?
Asked on 3/10/11, 11:32 am
1 Answer from Attorneys
Aaron Feldman
Feldman Law Group
That depends on many factors: The terms of the trust; the nature of the assets (if they need to be sold, that can take time, particularly real estate these days); and the nature of any debts or liabilities. Final tax returns must be prepared. Notice for potential creditors must be given and a minimum of 4 months may be required. Sometimes trustees are able to make partial distributions where liabilities are limited.
Answered on 3/10/11, 12:03 pm