Legal Question in Wills and Trusts in Maryland
how long after death does an executor have to distribute the proceeds
Asked on 7/30/10, 4:54 pm
1 Answer from Attorneys
Paula McGill
Paula McGill Attorney at Law
It's an executor's responsibility to collect the assets and liabilities. Once this is done, after the liabilities are paid, the remainder should be distributed in accordance with the will. However, there isn't a definite time limit for distribution. Nevertheless, the executor should peform his/her duties reasonably to close the estate within a reasonable time.
Normally, the larger the estate, the longer it takes. However, if assets have to be sold, there will be inevitable delays.
Answered on 8/05/10, 6:47 am