 | 
11-07-2008, 04:51 PM
| | Junior Member | | Join Date: Nov 2008
Posts: 2
| | | Trust Question
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! |
11-08-2008, 11:45 AM
| | Senior Member | | Join Date: Apr 2002
Posts: 8,341
| | | 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). |
11-09-2008, 01:30 PM
| | Junior Member | | Join Date: Nov 2008
Posts: 2
| | | Well, we were told we can't even seel the stock or put the house on the market for 4 months. |
11-09-2008, 01:39 PM
| | Senior Member | | Join Date: Sep 2004
Posts: 1,977
| | Quote:
Originally Posted by youknow1983  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. Quote: |
...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.
__________________
Arthur Carlson: Well, first thing we do is call an attorney.
Andy Travis: You always say that.
Arthur Carlson: Yeah, but this time it's appropriate. | |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | | | Thread Tools | | | | Display Modes | Rate This Thread |  Linear Mode | | 
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off | | | |
|
