Legal Question in Wills and Trusts in New Jersey

once a will is probated is there a time frame to setttle the estate? Will there be any extra fees or penalties if it takes over a year?


Asked on 2/13/11, 8:08 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

There is no legal time limit. If there are taxes due (income and/or death taxes), these have time limits and they must be met to avoid possible penalties. Some aspects may take longer than others, so allow a reasonable time until things are settled. The Executor should make periodic reports so heirs know what is happening, although some do not.

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Answered on 2/14/11, 11:23 am


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