How long do I have to settle and liquidate my mother’s Trust after she passes away?
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How long do I have to settle and liquidate my mother’s Trust after she passes away?
She has a residence that could take 1 to 2 years to clear out and to sell, including the contents. I will distribute the funds to my 3 sisters after all are in agreement.
Asked on September 30, 2013 under Estate Planning, Florida
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Ordinarily there is not time period to conclude the administration of a trust under the laws of all states and territories in this country. It is best to try and do so sooner rather than later but the one to two time period that you have written about would be reasonable.
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