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How long should an estate account stay open after a loved one has passed away? |
Question: How long should an estate account stay open after a loved one has passed away? Answer: Six months to a year would be "normal", but large estates may have valuation issues that take time, and disposition of high-value items like a business can take time, family disputes can make it drag on indefinitely, and if the Decedent had civil issues like being involved in a lawsuit or IRS problems, those usually have to be resolved. I don't know the record, but I heard of one that finally got completed recently that had gone on for over forty years. |
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