Below is a general Probate Timeline. Each Probate Transaction will make this timeline slightly different, but it is a good benchmark for anyone that has or will be opening up a Probate.
|Prepare and File Petition for Probate||1-2 months|
|Court hearing on the Petition for Probate||2-3 months|
|The following are issued: Letters of Administration, Orders for Probate, Duties and Liabilities, Issue Bond (if ordered), & **Letters Testamentary **||2-4 months
(if not contested)
|Notice to Creditors||2-4 months|
|Notice to Department of Health Services Inventory & Appraisement||4-8 months|
|Pay State and Federal Taxes (if necessary)||6-12 months|
|Allow or Reject Creditor Claims|
|Possible Preliminary Distributions|
|Notice to Department of Health Services (if deceased received medical)|
|Notice to Franchise Tax Board (if heir is out of state)|
|Claim of Exemption (if assets transfer to a minor)||6-15 months|
|Receive Final Tax Letter from State and Federal (if appropriate)||6-18 months|
|File Petition for Final Distribution and Accounting||8-16 months|
|Hearing on Petition for final Distribution and Accounting|
|Order Approving Final Distribution and Accounting|
|Distribution of Assets to Heirs||9-17 months|
|Final Discharge Order (indicates close of probate case)||9-18 months|
|Final Distribution of Funds||9-18 months|
About the author: The above Real Estate information on Probate comes from Kathy Stoltman.
Phone/text at 805-746-1793.
Kathy offers a wide range of real estate solutions for buyers, sellers and investors. Providing excellence in marketing, negotiations, market knowledge and a genuine concern for their needs.