Legal Question in Wills and Trusts in New Jersey
time to settle estate
how long do the executuers have to sell property and disburse money?
Asked on 3/03/03, 5:50 am
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: time to settle estate
Since you do not indicate if the estate may be subject to federal estate or state inheritance taxes, my answer will be general. Depending upon the potential for taxes and the necessity of obtaining waivers to release the assets from possible tax liabilities, the normal period can run from several months to a year or more. If no waivers are needed from the state, the shorter time period should apply.
Answered on 3/03/03, 9:49 am