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There is generally no specific time limit on an estate staying open and active. Some estates are much more complicated than others and may involve litigation that would delay completion in what otherwise would be a reasonable time for completion. Most states require completion in a prompt manner depending on the nature of the estate. In New Jersey, after 1 year, beneficiaries can have the probate court order the executor to file an intermediate accounting showing the status of the estate and explaining why it is still open. If the executor is delaying things unnecessarily, the court might remove him/her and appoint another. Check the laws of the jurisdiction where the estate is to find out the specifics of that jurisdiction.
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How long in Maryland can an estate stay active after the original owners death?
i thought 6 months
How long can estate stay active after the owners death in Texas and executor dies with out changing things into his or her name what will happen?
The court will appoint a new executor to handle the estate. A bank or lawyer is often chosen to do this.
How long is a Will in effect after the death?
Until the estate is settled and closed. It can also depend upon the wording of the will, which could create a trust that is active for decades.
Can i become executor of an estate after my father's death?
There is no reason you cannot become executor of an estate as long as the court agrees. As long as you are 18 or older, you can serve in that capacity.
When are real estate taxes deductible to the extent that they accrue?
how long after the death of the decendent
How long after a death does the executor have to settle the estate Australia?
Estates do not have time frames. A complex estate can take decades to resolve and settle.
The executor of an estate died. An alternate executrix was named in the will. Does the estate become part of the executor's estate?
No. The property is not a part of the estate of the executor.The court must be notified of the death and a successor must be appointed. The court will appoint the alternate as long as they are willing to serve.No. The property is not a part of the estate of the executor.The court must be notified of the death and a successor must be appointed. The court will appoint the alternate as long as they are willing to serve.No. The property is not a part of the estate of the executor.The court must be notified of the death and a successor must be appointed. The court will appoint the alternate as long as they are willing to serve.No. The property is not a part of the estate of the executor.The court must be notified of the death and a successor must be appointed. The court will appoint the alternate as long as they are willing to serve.
How long after death must an estate be closed?
Complex estates can take many years to sort out and close. There is no set time frame for closing an estate.
How long after the death of a loved on does the executor hate to settle the estate in the state of pa?
There is no time limit to settle an estate. In some cases a very large estate can take decades to resolve and there may be trusts involved as well.
How long after a death does the executor have to settle the estate in Illinois?
In Illinois, there is no strict deadline for the executor to settle the estate after a death. However, it is generally expected that the executor will complete the process within a year of being appointed. Delays could occur due to the complexity of the estate or legal challenges.
Can our son sign closing real estate agreement using an Enduring Power of Attorney?
Yes as long as both owners executed the Enduring Power of Attorney.
Can you sell property to your child before death?
Yes, as long as it is sold at a fair market value. If it is sold for a fraction of value, the estate may be able to pull it back into the estate as a gift.
