What is the name of your state? New Jersey
My husbands mother passed away 9 months ago leaving his aunt as first "personal representative" and his sister as second and him as third. My husband & his sister are beneficaries to the estate. The house just recently sold and the closing is taking place in September. The Aunt claims she has "NO IDEA" when she is going to "release the money" because she has to put a legal ad in the paper announcing the estate is closing. She will not tell us how long this has to run for or whatelse has to be done before she releases almost $500K to the beneficaries. My mother in-law has been gone almost a year, all her bills have been paid and all the house's bills are up to date. Is this the law that she still has to post this ad, and if so is it true there is a 6 month waiting period for this money to be released?
Any information would be greatly appreciated.
My husbands mother passed away 9 months ago leaving his aunt as first "personal representative" and his sister as second and him as third. My husband & his sister are beneficaries to the estate. The house just recently sold and the closing is taking place in September. The Aunt claims she has "NO IDEA" when she is going to "release the money" because she has to put a legal ad in the paper announcing the estate is closing. She will not tell us how long this has to run for or whatelse has to be done before she releases almost $500K to the beneficaries. My mother in-law has been gone almost a year, all her bills have been paid and all the house's bills are up to date. Is this the law that she still has to post this ad, and if so is it true there is a 6 month waiting period for this money to be released?
Any information would be greatly appreciated.