A potential client called regarding issues with the executor of an estate. The caller was a beneficiary under the Will. However, it had been over 13 years since the Will was probated.
It is important to be timely with any issues you might have when you are a beneficiary under the Will. You want to make sure you get the assets that you are entitled to receive. You will impact your opportunity to obtain whatever monies you are due the longer you might wait to raise issues.
When a Will is probated, there are timeframes that must be met. The Executor is required to provide a status report to the Register of Wills within as well as file the inheritance tax return within 9 months of death. The estate can be closed out with either a final accounting to the court or a Family Settlement agreement. If you are a beneficiary under a Will you have to be notified to properly closed out the estate. You can obtain a copy of the probate file to see what has or is occurring.
Contact us for your probate needs and questions at www.ythlaw.com