Probate 103 – Distribution According to the Last Will and Testament
The last step of an estate is everyone’s favorite – distribution. After all the estate’s property has been marshaled and liabilities have been paid, the executor can begin the process of distribution according to the Last Will and Testament. The executor should wait 7 months for any creditors to submit their claims to the estate. It also may be advisable for an executor to withhold some funds as a precaution in the event another claim was to surface against the estate.
Listed below are some of the steps the executor should take before distributing the estate: