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A recent death has left A, B, and C as heirs to an estate consisting of a
building, some cash, and some securities. The will of the deceased does not
address an estate settlement time.
Each of their names, along with that of the deceased, is on all titles, etc,
so no particular sense of urgency in settling the estate because of that
aspect.
However, party A wants the estate settled and to be in receipt of his share
of proceeds ASAP.
Party C is the Executor of the estate, and does not want to do anything into
the foreseeable future.
1. What is a reasonable time for the Executor to have before initiating
action to settle
the estate after the death of the person whose estate it was?
2. What are A's option in regard to forcing the executor to settle the
estate, should that eventually become necessary?
A recent death has left A, B, and C as heirs to an estate consisting of a
building, some cash, and some securities. The will of the deceased does not
address an estate settlement time.
Each of their names, along with that of the deceased, is on all titles, etc,
so no particular sense of urgency in settling the estate because of that
aspect.
However, party A wants the estate settled and to be in receipt of his share
of proceeds ASAP.
Party C is the Executor of the estate, and does not want to do anything into
the foreseeable future.
1. What is a reasonable time for the Executor to have before initiating
action to settle
the estate after the death of the person whose estate it was?
2. What are A's option in regard to forcing the executor to settle the
estate, should that eventually become necessary?