The answer to this question depends on what type of Estate Plan you have.
Trust Administration typically takes between 6 to 9 months, but there are factors that can make it last longer, such as:
- Identifying all estate assets
- Preparing an accounting of all of the assets in the estate
- Selling real property
- Handling assets that were not properly titled in the trust
For estates that must go through Probate because the decedent either had only a Will or died intestate, beneficiaries may wait at least 12 to 18 months. The availability of the court’s calendar and a designated time period for creditors to collect any debts can factor into the Probate Administration process and force your beneficiaries to wait on their inheritances.