Legal Question in Wills and Trusts in New Jersey
wills
is there a time limit once a will is probated,for beneficiaries to collect what was inherited to them,
for example,,,money from selling realstate
Asked on 10/27/03, 12:46 pm
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: wills
The time limit is determined by factors such as possible income, estate or inheritance tax possibilities (to prepare, file and have returns approved), how long it takes for an accounting of the estate to be prepared and approved by the heirs, etc. It can be as short as a few weeks if no taxes are involved, to months or longer of estate or inheritance taxes are involved. Interim, partial distributions can be used if funds are needed.
Answered on 10/27/03, 1:50 pm
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