howlong should it take to get your money from an estate?
what is normal time frame to disperse funds from a trust estate
it has been 14 months trustee has not filed any accounting and i dont want this to go to court but i am getting concerned
- oldcorps1947Lv 61 decade agoFavorite Answer
It will depend on the schedule of the trustee and the complexity of the trust, and if all prior tax returns have been properly filed, the final tax return must be filled and often the trustee wants to have the return accepted before releasing any funds. If no problems are encountered it should be within about 8 weeks.
- raichasaysLv 71 decade ago
There is no "normal" time frame. It depends on the size of the estate, how long it takes to find and inventory all of the assets, how long it takes to place a valuation on the assets, how long it takes to "liquidate" assets, how long it takes to identify who is entitled to them.
If this is not in probate, but is administration of a trust, this work is performed by a trustee. Depends on who has been appointed as trustee. If it is a big job and an unknowledgeable person has been appointed, it can take longer.
Bottom line--Don't quit your day job.