Legal Question in Wills and Trusts in Texas

Our mother passed away and left a will. The will was probated and all three siblings are to get equal share. All property was sold and insurance paid out. One child is the executor on the will and is holding all the funds in a checking account until all matters of the estate are settled. This is a bank account of which the sibling had joint ownership . There was no payable on death on this account. Concern is this money for the estate being in this account is still part of the estate and not now separate from the estate? Is there a statue of limitations on when this inheritance should be distributed out to all siblings?


Asked on 3/03/10, 3:41 pm

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

There is no statute of limitations, but it has been held that 2 years is reasonable.

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Answered on 3/08/10, 3:51 pm


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