Today, we wanted to share with you a valuable resource related to Probate Escrows. These types of Escrows are very unique, and in turn, have their own set of timelines and needs.
Of course, all Probate Escrows have their own set of circumstances, but this timeline should give you a general idea of what lies ahead.
Prepare & File Petition for Probate
1-2 months
Hearing on Petition for Probate
2-3 months
Issue Letters of Administration, Orders for Probate, Duties and Liabilities
2-3 months
Bond Issued (if applicable)
2-3 months
Notice to Creditors
2-4 months
Notice to Department of Health Services Inventory & Appraisement
4-8 months
Pay State & Federal Taxes (if applicable)
6-12 months
Allow or Reject Creditor Claims
6-12 months
Possible Preliminary Distributions
6-12 months
Notice to Department of Health Services (if applicable)
6-12 months
Notice to Franchise Tax Board (if applicable)
6-12 months
Claim of Exemption (if applicable)
6-15 months
Receive Final Tax Letter from State & Federal (if applicable)
6-18 months
File Petition for Final Distributing and Accounting
8-16 months
Hearing on Petition for Final Distributing and Accounting
8-16 months
Order Approving Final Final Distributing and Accounting
8-16 months
Distribution on of Assets to Heirs
9-17 months
Final Discharge Order
9-18 months
Final Distribution on of Funds
9-18 months
Of course, if you have have any questions or need assistance with a Probate Escrow, please don’t hesitate to contact us. We’re here to help.
