Legal Question in Tax Law in New York

Interest paid on an inheritance

Employer died in Aug. 1999. His will was probated in

NYC in Oct. 1999. I was left a legacy. Received notice

in March 2000 that his estate had a claim pending

against it and would not pay me the inheritance until

claim was settled. Money was due to be paid to me in

May 2000. I was told that starting in May 2000 I would

receive interest until inheritance was paid. Have

received notice that claim was settled and I need to

sign a release in order to get my legacy--no mention of

the interest. I need to know what the statute is that

states the estate must pay interest? Estate always had

enough money to pay me and pay the claim. Help


Asked on 3/23/02, 8:27 pm

1 Answer from Attorneys
Norman Nadel Norman Nadel, Esq.

Re: Interest paid on an inheritance

By law, interest starts to run seven months from the time it was apprpriate for the executor to pay the money.

Read more
Answered on 3/24/02, 4:38 pm


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