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Interim distribution timescale
GardeniaMoment
Posts: 1 Newbie
Hi folks
As neither the solicitor or the executor is being responsive - does anyone know likely timescales:
Context
Probate granted late 2021
Property recently completed (a month ago)
Everything else from what I know was ready
Solicitor had said a few months ago that
"When the sale of the property has been completed any outstanding liabilities will be settled and interim distributions will be made to the residuary beneficiaries of the majority of the funds. "
Is there a likely/average timescale for the interim payments?
TIA!
As neither the solicitor or the executor is being responsive - does anyone know likely timescales:
Context
Probate granted late 2021
Property recently completed (a month ago)
Everything else from what I know was ready
Solicitor had said a few months ago that
"When the sale of the property has been completed any outstanding liabilities will be settled and interim distributions will be made to the residuary beneficiaries of the majority of the funds. "
Is there a likely/average timescale for the interim payments?
TIA!
0
Comments
-
I received a letter offering an interim distribution a couple of weeks after completion of the sale of the property. I imagine this was pretty quick though, and all creditors not relating to the sale of the property had already been paid from other funds in the estate. The costs relating to the sale of the property were deducted from the proceeds of that and presumably paid on the day of completion so there was no need for that to cause a delay. I suppose that if your solicitor needs to pay creditors not relating to the sale of the property then that might take a little while if these haven't already been settled.
0
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