Statute of limitations in CA on a living trust
Is there a time limit in which a living trust must be settled, once the time has passed for beneficiaries to contest it? My hubbies step-father passed 10-4-2006, and hubby was listed as one of five beneficiaries. Executor of estate is stepfathers biological daughter. Some monies have been paid out from stocks, etc..., to all 5, but there is still a house remaining which must be sold. It has been on the market since April 2007, we are told. It has been a year since step-fathers passing, and hubby would like to know if there is time limitation on what must be done with house/property, to settle the estate in regards to him being a beneficiary of the living trust.
1 Answer from Attorneys
Re: Statute of limitations in CA on a living trust
This will depend upon the terms of the trust. As a beneificiary, the law requires that the trustee give you a copy of the trust document.