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How long does an executor have to settle an estate in Georgia?
In this article, you’ll learn about:
Let’s dig in.
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There are no time limits for an executor to settle an estate in Georgia.
The average time it takes an executor to settle an estate in Georgia is 12-18 months.
How long it takes an executor to settle an estate depends on:
But, executors should be aware of some general guidelines and deadlines.
Here are some specific time limits related to the probate process in Georgia:
Action | Time Limit |
---|---|
Filing the will | Within 5 years of date of death |
Petition for probate | Within 2 years of date of death |
Notice to creditors | Within 3 months of appointment |
Inventory and appraisal | Within 3 months of appointment |
Payment of debts and taxes | Within 1 year of appointment |
Distribution of assets | Within 12 months of appointment |
Let’s say the executor fails to meet any of the probate deadlines in Georgia.
It can result in various consequences, like:
Some things take extra time for an executor to settle an estate, like:
Read More: How Much Time After Selling A House Do You Have To Buy A House To Avoid The Tax Penalty?
Let’s say that the executor is taking too long to settle the estate in Georgia.
Some steps that the beneficiaries can take to speed things up are:
Here are common questions we get about this topic.
Inheriting assets after a loved one’s death can take up to several years.
Simple estates may settle within six months.
Complex estates can take longer, especially if an estate tax return is required.
Read More: How Long Does The Executor Have To Pay The Beneficiaries?
There is no set time limit for how long money has to stay in an estate account.
The length of time depends on the complexity of the estate and the probate process.
The estate account can be closed after:
The average time it takes to settle an estate after a house is sold is ~6 months.
Read More: How Long Does Money Have To Stay In An Estate Account
It can take 12-18 months to settle an estate without a will in Georgia.
When there is no will, the estate gets distributed per Georgia intestate laws.
The court must determine:
The average time it takes to settle an estate with a trust is ~6 months.
Trusts bypass the probate process, making the time to settle an estate faster.
Read More: How Long Does The Executor Have To Read The Will?
There is no fixed time limit for keeping an estate open after death.
Settling an estate can get very confusing.
Our estate planning attorneys can help you regardless of whether you’re:
Either way, fill out the form on this page to get a free consultation.
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