Frequently Asked Questions
Below are answers to common questions from individuals, families, and business owners. If you don’t see your question here, send me an email and I welcome you to schedule a consultation.
If you have any questions you think would be helpful to add, email me and I will likely add them.
FAQ - Estate Planning
FAQ - Probate & Estate Administration
Does every estate go through probate?
No. Assets held in trust or with designated beneficiaries may pass outside probate. Proper planning can reduce court involvement.
How long does probate take?
Probate itself to appoint an executor or administrator can be anything from a day or two to months. Most you can walk in with the right documents and walk out with Letters of Administration or Letters Testamentary, but, for example, during COVID Philadelphia County took three months minimum due to restrictions. NYC was taking even longer. In PA or NJ probate is relatively harmless and quick outside of extenuating circumstances.
How long does it take to administer an estate from start to finish?
It depends on the complexity of the estate, the assets, and any other factors. Most estates take at least nine months even if any death tax returns are filed immediately as it takes a couple of months for the taxing authorities to review the returns. Most take about one to two years, but I have seen some drag on for years especially if it is high net worth with complex assets, there is a pending IRS issue, or a pending issue with a beneficiary.
FAQ - Fees & Consultation
Address
108 Woodside Road
Haverford, PA 19041
Contacts
Phone: 610-213-0228
Fax: 610-672-9800
info@pozlaw.com
