How Long Does It Take To Settle An Estate?
When a probate attorney is working on an estate, the actual probate process usually happens in less than a year. There are often situations, however, when it can take longer. If the estate has complications and potential areas of disagreement, or if the executor drags the process out, it can certainly take longer.
The Probate Process
The court supervises the probate process, so the executor cannot stretch out the process indefinitely. Different states have different deadlines for filing estate inventories, though, and varying consequences for missing those deadlines.
The executor is charged with the responsibility of filing the last set of tax payments for the deceased person. This includes any and all estate taxes, in the event of large estates.
The executor must also notify all creditors that the decedent has passed away. This may involve sending notification by mail, or it may only involve publishing a death notice in the local paper for a certain number of days. It may require both approaches. As with other aspects of the probate process, different states have various deadlines for these notifications.
When you work with probate attorneys such as one of our associates at Donnellon, Donnellon, & Miller, you will have access to the full Ohio-specific schedule of estate deadlines, whether or not you are the estate’s executor.
Since the executor is identifying all assets in the estate, appraisers may need to be brought on board. Having certain assets – particularly higher-value assets like real estate – assessed at accurate, current market value will help ensure the validity of the estate settlement.
No matter where you are in the process of dealing with an estate, a Cincinnati probate attorney at Donnellon, Donnellon, & Miller can be of service to you. You can reach us at 513-891-7087, and we look forward to meeting you.