How Long Does Probate Take?
Download Our Free Estate Planning Guide- Time limits are fluid, and the probate of a will can last a long time, especially if there are objections that can draw out the process – even, theoretically, up to a jury trial which, depending on the court’s calendar, could take a year or longer.
- One useful aspect of a will is that the person you name as executor can obtain preliminary letters before the will is admitted to probate and administer the estate, collect the assets, and pay the bills. They cannot distribute assets, but they can deal with the estate.
- Once preliminary letters are established, an estate must remain open for seven months to give creditors time to make claims. During that time, an executor can make distributions, but must be careful to ensure that money is available to cover claims filed later in the process.
How to Plan for the Care of Pets in Your Will
When it comes to making arrangements for your loved ones, it’s not just people who [...]
Top Reasons to Establish a Living Trust in New York
A living trust is an important tool that can help people in New York manage [...]
Steps to Take When Contesting a Will in New York
The process of contesting a will can be a complex and emotionally charged experience, especially [...]