How long does an estate going through probate have to remain open?
Generally, unless the estate includes real property which needs to be sold, requires the filing of a U.S. Estate Tax Return, or is tied up in litigation, a regular estate proceeding may be closed after the period for filing creditor claims expires (six months from the date of death). If there is a Will and/or Codicil, a regular estate may be closed after the time for challenging the Will and/or Codicil(s) expires (six month from the appointment of the Personal Representative). Many regular estates are closed and final distributions made within one year of death.
Related Questions
- The estate has accounts held across multiple states in Australia. Is the Probate issued in one state enough to close all accounts with the CBA?
- If an estate requires probate is the family able to obtain assets from the estate before the probate is completed?
- What assets are included in the probate estate?
