Why must I wait a year to get my share of the estate of my Mother?

Full question:

My mother died in October 2016. She left me 10% of her estate. Her home sold but escrow doesn't close until January 6. I was told I would not receive my 10% until 2018. Why?

Answer:

It may be that the funds will not be disbursed to heirs until all creditors are paid and the estate fully administered. Heirs usually do not receive their share of the estate until it is closed by the Personal Representative.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

When your mom dies, her house becomes part of her estate. The estate must go through probate, where debts and taxes are settled before any assets, including the house, are distributed to heirs. If there is a will, the executor will manage this process. If there is no will, the state laws on intestacy will determine how the house is distributed.