Arizona  |  Wills and Trusts

Legal Question

Asked on: 9/24/10, 10:02 am

Can "some" Estate assets be distributed before final tax returns are filed? AZ Letter Testamentary issued & required 4 months from initial Notice to Creditors has passed. Residence not yet sold but, of cash assets remaining, if enough funds are retained in the Estate A/C to cover all projected expenses (including tax returns & costs for maintaining the residence until sold), can the remainder of the funds be distributed to the heirs now?

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