Legal Question in Wills and Trusts in New York

Re: What is the time frame for probate?

It's different with every case, but generally: if an estate tax return is required, think 1-2 years from the date of death; if no estate tax return is required, then 7-9 months from date letters are issued.

Re: What is the time frame for probate?

It depends upon the size of the estate and the type of assets involved. Simple estates, not subject to federal or state death taxes, with liquid assets, can take from 6 months to a year. If a house is involved, to be liquidated, this could take time, as could a business if needed to be sold. If death taxes are involved, at least a year to several years, depending upon the value of the estate. Some assets, like those with designated beneficiaries (life insurance, joint or POD bank or brokerage accounts and retirement plans) could be distributed quickly (several months tops) and, if needed, there can always be preliminary distributions of partial amounts.