Legal Question in Wills and Trusts in Virginia
In Virginia, how long should it take to settle or close a trust, which only consists of money?
Asked on 11/21/09, 12:11 am
1 Answer from Attorneys
Paul B. Ward
Law Offices of Paul B. Ward
It is prudent for the trustee to allow several months for any claims to be made against the trust before making a final distribution. Also, there could be some question of whether the trust should be terminated.
Answered on 11/27/09, 10:24 am