Legal Question in Wills and Trusts in New Mexico

Inheritance

Can an executor arbitrarily hold funds

after the 60 day posting has expired

and there are no contestations to the

will?


Asked on 8/27/08, 11:42 pm

1 Answer from Attorneys
Charles Aspinwall Charles S. Aspinwall, J.D., LLC

Re: Inheritance

A Personal Representative may not do anything "arbitrarily." S/he must, however, wait until the deadline for the presentation of creditors' claims has passed, and the amount of those claims is known, to distribute the entire estate. Unpaid taxes and certain creditors' claims have priority over money bequests to beneficiaries.

Read more
Answered on 8/28/08, 9:50 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in New Mexico