New Jersey  |  Wills and Trusts

Legal Question

Asked on: 10/23/00, 1:36 pm

Average time it takes to disburse funds from an estate in NJ

My grandmother died recently. She lived in NJ, and had a will (a fairly simple one, where each of her 3 children got 1/4 of her estate, and her grandchildren shared the last 1/4). I beleive that her assets were mainly in mutual funds, etc. but I'm not 100% sure. I do know that her estate will be subject to Federal taxes. I am wondering how long, in general,it takes for the disbursement to occur. Are we talking years? Months? I don't feel comfortable asking my relatives, because it will seem like all I care about is the money (which is not true, but because of my circumstances, that money will really come in handy).

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