Posts tagged Distribution.

An executor, absent consent or a court order, must not make any distribution of estate assets to beneficiaries of a will for six months following the grant of probate. This is a statutory prohibition in section 12 of the Wills Variation Act (the “WVA”). There is a serious risk to executors who make early distribution.

This six month prohibition is intended to balance ...

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You are a beneficiary of someone’s will.  You expect to receive a sizeable sum of money.  How long do you have to wait before you can expect that payment?  What can you do if the executor seems to be taking an inordinately long period of time?

Ordinarily, the more complicated the affairs of an estate, the longer the process will take.  An executor has a duty to settle the affairs of the ...

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