Legal Question in Wills and Trusts in New York
When the executor of an estate receives money for a third party mentioned in a will, what is the time limit for that executor to give the money to the third party.
Asked on 5/22/12, 7:57 am
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
It depends what still needs to be done regarding the estate. There is no set time period for making a distribution, but a "reasonable" amount of time is the usual limit. Things like taxes, liquidation of assets, debt payments, can all back up making a distribution.
Answered on 5/22/12, 11:45 am
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