Settling estate

[UnderProtest]

Since it seems to be will/estate day here, I have a question.  How long does it typically take to settle an estate (with a will)?  I know this will vary by state, but just trying to get a general idea.

[moolarkey]

My dad died several years before my mom. When my mom died it took us about 6 months to wrap up everything. They had put everything in to trusts that my brother and I immediately owned at the time of her death. The only things not in the trust was her IRA (can't go in to a trust) and we found a canoe and couple other small things, like maybe $1500 or so of stuff to probate. During those 6 months I did a lot of paperwork, closed accounts, we sold her house, etc.

I've had friends that it took over 2 years to close everything.

I should say we sold our house. It was in the trust. When she died my brother and I each owned 50% of the house.

[teatimefor2]

It took about 12 months to close my grandma's estate after she passed. Even though her will was very detailed, it had to go to probate. This was in New York.

[WOT?*]

It's not only state-dependent, it's individually-case-dependent.
My grandma had a trust but it still took about a year because of family fisticuffs. My dad had a will and next to nothing to inherit and it's taken even longer because Medicaid, his wife dying weeks after him, and other fun stuff.  GMIL took next to no time because it was all laid out clean and clear and nobody dared argue against her will, even after death.  The only part that took any time was cleaning out and selling the house.

[shopgirl07]

It took about 18 months for my Dad. Depends if they did a good job with estate planning or not. My Dad did not.

[UnderProtest]

The state is Ohio and I hope the will isn't contested, but honestly I could see why. There are a dozen beneficiaries and seemingly no rhyme or reason to how she picked them. She was widowed for many years and has no children herself, but it's an odd group of people. My mom seems to think it will require liquidating investment accounts and such, but has no clue really.

[moandjo]

I'm 7 months in to probating my dad's. He had nothing set up and it has been a huge cluster. I'm hoping to be done in 6 months or so.

Sent from my SAMSUNG-SGH-I747 using proboards

[hockeywife]

In NY, you are statutorily required to keep an estate that has been probated open for 7 months from the date an executor was appointed.

[drloretta]

Many variables are involved. My dad needed 8 months to settle my grandma's estate, with a will and trust. Some of that was because she had hidden bank accounts he needed to find. There was also a period of time (anywhere from 2-4 months) that beneficiaries had to outlive her before funds could be disbursed. That was in CA

My friend in MD took over 2 years. But there was no will, and there were 5 siblings and land to sort out