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How long estate take to get paid out?
Aaronk1994
Posts: 1 Newbie
Hello,
The estate in question is going through solicitors as its under a Will.
Probate has been granted and the buyer is completing payment to our solicitors on the 18th.
My question is how long estimate will it take a soliticor to find out from 3rd parties if there is any outstanding debts and get everything thats owed paid off?
I know its mainly dependant on how quickly 3rd parties get back to us ie DWP and HMRC. Just after a ruff estimated time that others have gone through.
The estate in question is going through solicitors as its under a Will.
Probate has been granted and the buyer is completing payment to our solicitors on the 18th.
My question is how long estimate will it take a soliticor to find out from 3rd parties if there is any outstanding debts and get everything thats owed paid off?
I know its mainly dependant on how quickly 3rd parties get back to us ie DWP and HMRC. Just after a ruff estimated time that others have gone through.
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Comments
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For us there was no will but for everything in total it took a year and a half.0
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You'll be wanting this subforum: https://forums.moneysavingexpert.com/forumdisplay.php?f=2170
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If probate has been granted the executors must be satisfied that outstanding debts have been settled.Aaronk1994 wrote: »Hello,
The estate in question is going through solicitors as its under a Will.
Probate has been granted and the buyer is completing payment to our solicitors on the 18th.
My question is how long estimate will it take a soliticor to find out from 3rd parties if there is any outstanding debts and get everything thats owed paid off?
I know its mainly dependant on how quickly 3rd parties get back to us ie DWP and HMRC. Just after a ruff estimated time that others have gone through.
Who is the buyer??0 -
A typical timescale, expecially if solicitors are involved, is 12 months from the death, although earlier partial payouts are often possible.0
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