Legal Question in Wills and Trusts in Massachusetts
one year wait
my mother passed away in June has no outstanding bills...Why do i have to wait one year to collect my inheritence? Is there away around this.
Asked on 11/15/08, 12:17 pm
2 Answers from Attorneys
henry lebensbaum
Law Offices of Henry Lebensbaum (978-749-3606)
Re: one year wait
There is a limitation period at law that sets this standard.
Answered on 11/15/08, 3:10 pm
Re: one year wait
The executor can once he or she determines the likelihood of claims can make a partial distribution with the courts approval. The Executor should keep a reasonable reserve and then close the estate after one year.
Answered on 11/15/08, 4:00 pm
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