Legal Question in Wills and Trusts in New Jersey

Re: Estate Payout

Signing the Refunding Bond and Release and then recieving your check is common practice. However, you may want to have an attorney review the document with you.

Also, if you are getting a cash legacy [as opposed to a % of the estate remainder] then you may also be entitled to some interest on your money, if the estate did not pay you within one year of the probate of the decedent's Will.

Re: Estate Payout

Signing the Refunding Bond and Release and then recieving your check is common practice. However, you may want to have an attorney review the document with you.

Also, if you are getting a cash legacy [as opposed to a % of the estate remainder] then you may also be entitled to some interest on your money, if the estate did not pay you within one year of the probate of the decedent's Will.

Re: Estate Payout

I agree with Jon that requesting a RB&R is standard practice and calling for a possible refund is also a standard part of this form. I also question, as you did not indicate, if your mother was to receive a specific bequest (fixed dollar amount or specific assets, like shares of stock) rather than a percentage of the estate? If the former, no interest is due, even if the payment is late, and if the latter, you should be provided some form of accounting to show the calculation of her percentage interest in the estate. If the decedent was wealthy, as you indicate, the delay could have been caused by the necessity to file either or both federal and state death tax returns and obtain approval that all taxes were paid. This can sometimes take a very long time to finalize. If you need more information, contact me directly.