How Long Does It Take to Receive an Inheritance From a Will?
How Long Does It Take to Receive an Inheritance From a Will? Depending on the circumstances, the process of getting your inheritance from your loved one's will can take months or even years. This can be a confusing and daunting task. If you are an heir, it is important to know what is going on in the probate process so you are prepared for it. There are three main phases in the estate administration process. The first is the gathering of assets. The second is the settlement of debts, and the third is the distribution of assets. The last phase is the administration of the estate. Simple The first phase, called the "simple" or "simple" phase, is essentially a simple filing and inventorying of the decedent's assets. This phase is typically handled by a personal representative who will have all of the authority and responsibility to administer the estate. The second phase, called the "complicated" phase, requires the appointment of an estate attorney...