Legal Question in Wills and Trusts in Virginia
My mother, who lived in NC, was moved by my brother to Virginia because of Cancer. She died with a no will and a small estate. She had a home that was sold and $10,000 was made on the sale. There was approx. $8000 in other assets to be sold and distributed. My brother (executor) says that he must wait 1 year before distribution of the estate due to possible claims or unpaid bills of the estate. I would like to know if creditors have a certain span of time to collect debts of a deceased person and what that time span would be.
Asked on 8/24/09, 12:57 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
In Virginia, decedents' estates are kept open roughly 16 months or so for the submission and payment of creditors' claims.
Answered on 8/29/09, 7:10 am