How long does it normally take to close an estate? The classic lawyers’ answer: it depends.
This week we talk about what has to be done to close an estate, and how that affects the timing. One thing might be surprising: it takes about as long whether there is a probate proceeding or not (at least in Arizona, and in most cases).
What do you need to know about how to close an estate? We review some of the issues and give you some general notions. But we have to recognize that your circumstances may vary, and that it might take much longer. It might also be a little bit faster than we predict.
Our best advice: talk to your lawyer and the Certified Public Accountant (CPA) you’ve hired to assist you. They’ll have much better estimates because they know more about the probate or trust estate you’re actually dealing with.