Legal Question in Wills and Trusts in Massachusetts
My sister just turned of age to receive money left to her from my Mother's Estate. Our Mother passed 15 years ago. It was stated in the will that she could receive the money when she turns 23 years of age. The Executor says he will have to do paperwork and cannot get the money to her for a few months? What paperwork would have to be filed? Why would it possibly take 3-5 months? Must he show paperwork regarding the escrow account?
1 Answer from Attorneys
The executor will need to prepare an account showing how the money was earned, invested and spent. All cash and investment accounts will have to be included.
How long this process takes depends on whether he was preparing accounts all along for the past fifteen years and whether he has good bookkeeping practices. Once the accounts have been prepared, they must be filed with the court and reviewed before allowance. Unless all interested parties are competent and assent to the accounts, the executor has NO control over how fast the court process will take.
Once your sister is given a copy of the account, she should take it to an experienced probate attorney, who can advise her whether the expenditures were proper.
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