Legal Question in Wills and Trusts in Illinois
How long after an estate is closed are checks mailed to beneficiaries
Asked on 9/19/13, 2:24 pm
1 Answer from Attorneys
Virginia Prihoda
Law Offices of Virginia Prihoda
It's a vocabulary question: in my opinion, an estate isn't closed until the checks are mailed, and the executor has a receipt from the beneficiaries acknowledging receipt of their share. If the estate were under a court ordered probate, the residuary beneficiaries need to approve the executor's and attorney's fees.
Answered on 9/20/13, 7:24 am