Saturday, August 21, 2010

How long does it take to receive inheritance money from a parent that has died?

My father passed away last year in February. I live in a complete different state and my stepmother is supposed to be taking care of the inheritance for herself, my brother, and me. There was no will involved and from what i understand she's in titled to 50% of the property and my brother and I are in titled to the other 50%. So how long does it take to see any results (money) from all this?How long does it take to receive inheritance money from a parent that has died?
It depends. In the area I live in, it's typically at least a year, but a lot depends on the amount of money involved, how complicated the estate is, and a number of other issues. By the way, it is all right to ask your step-mother or her lawyer what the timetable looks like.How long does it take to receive inheritance money from a parent that has died?
when the probate court is involved usually the estate passes from spouse to spouse, before any children are involved.





Next thing would be any monies in a financial institution.


If there was a ';beneficiary card'; for an account, the money will go to the person listed on the beneficiary card before it goes to probate..





were there any accounts in joint ownership? the joint owner would have access to the money to pay for final expenses before the probate court is involved...





there are these situations where the money would not be split...





ask your stepmother for the latest filing paperwork for the probate court.....





sometimes the estate has not been thru probate for a few generations .......for an instance ....both husband and wife perish in a car accident, then the oldest son would move into the house and declare the house as his, he will pay for everything including the taxes claiming the house as his own...but it could belong to other siblings also....
if there was no will the property goes to whoever's name is on the title


with your father. if your step moms name is on the title it all goes to her.


you aren't automatically entitled to anything. if she doesn't want to ,she


doesn't have to give either of you anything. if she has to sell the prop.


to get any money for anyone it depends on how long it takes to sell. all


of his debts have to be settled first before any money is divided up.


hopefully you and your brother are on good terms with your step mom.


with no will or any directions on how the estate was to be divided it


could be awhile to settle things. its been a year something should have


happened by now. you need to talk to your step mom.
If your father left no will, then state probate law determines how his estate is settled. Has the estate been probated?

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