Legal Question in Wills and Trusts in New York
Contestment of will done. now have to wait for property to be liquidated.
Yes its been a little more than a year since my fathers will naming me soul heir to his estate was contested by his sister my aunt she lost and is out of the picture. I have to wait for his 7 businesses which are computer retail stores and car dealer ships and 2 apartments buildings and his home including cars to be liquidated. I was wondering how long the government usually takes liquidating properties because i desperately need money. Also when its all liquidated how long after that should it take for me to get the estate. P.S. I am also afraid that the government is all tied up worrying about a possible war that this might take unusually long and the businesses are in manhattan and nyc.
3 Answers from Attorneys
Re: Contestment of will done. now have to wait for property to be liquidated.
What does your attorney say about this situation?
You may wish to get a second opinion.
I practice in NYC and Long Island.
Re: Contestment of will done. now have to wait for property to be liquidated.
It is difficult to predict how long it should take without knowing more about your situation. Ordinarily the Executor would be the one liquidating the Estate assets, or transferring them to you if you are the sole heir.
If the businesses are being dissolved, the lawyer handling the dissolution should be able to give you an idea of how long it should take.
Re: Contestment of will done. now have to wait for property to be liquidated.
The government does not liquidate the estate. The estate attorney is responsible for processing the appropriate proceedings( sales, taxes etc). Speak with the attorney. Good luck.
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