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Trust Question

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youknow1983

Junior Member
What is the name of your state (only U.S. law)? California

My great Aunt passed away on Oct 17, 2008. She had a trust setup and my uncle is the executer. Her house is estimated at $500,000 and her money in Stock and bonds is approx. $200,000. There are 13 of us who get $10,000. The rest is slpit between the 4 brothers of my grandmother (deceased). My question is how long does my uncle have to wait to distribute the money to everyone. I was told 4 months....is this true? Thanks!
 


Dandy Don

Senior Member
It sounds reasonable. It will take some time to sell the home and to get the stock sold (IF that is what his intentions are, to sell the stock).
 

anteater

Senior Member
Well, we were told we ....
There is no "we". Your uncle is in charge of administering the trust. And, if it is a trust, then he is a Trustee, not an executor.

...we [he, that is, uncle] can't even seel the stock or put the house on the market for 4 months.
Probably incorrect, but, without knowing all the curcumstances, nobody can say for certain. And, inconsequential, in any event.
 

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