Skip to Content

We are a Veteran Owned Business, providing 20% discounts for Veterans, First Responders, Elementary and High School teachers. Please contact us to set up a phone or Zoom meeting. Taking care of you and your family, It's What We Do!

Klenk Law
Inheritance

In New Jersey How Long Does It Take to Get an Inheritance?

Posted on Wed Aug 17, 2016, on Probate and Estate Administration

From Our “Ask a Question” Mailbag: How Long Does It Take to Get An Inheritance in New Jersey?

Most Recently Updated August 8, 2018.

“My Uncle died four months ago in Burlington County, New Jersey. I am in the Will.  How long does it take to get an Inheritance?”

How Long Does It Take to Get An Inheritance in New Jersey? It Depends.

The time it takes to get an inheritance can vary widely between estates in New Jersey.  Many factors that can impact a Personal Representative.  But, the Personal Representative should be communicating with you about the estate’s expected timeline.  You are asking me this question because the Personal Representative is not adequately describing his or her plan of action.  An Executor or Personal Representative should communicate to you an estimate of when you are receiving your inheritance.

That being said, the answer to your question, “How long does it take to get an inheritance,” will depend on several things.  Some are within the executor’s power, and some are not.

For example, you can only inherit something from your Uncle’s estate if his assets are greater than his debts.  One of the executor’s jobs is to satisfy creditors.  Satisfying creditors takes time, and creditors have several months to make a claim.  If the personal representative distributes to you your inheritance before satisfying the creditors, the executor could be liable. The creditors could claim against him.  So, you can see where the personal representative will want to have time to discover all creditors before paying you.  The IRS is a creditor who never goes away.  Furthermore, the executor is responsible for filing and paying your Uncle’s last tax return.  The executor may also wish to hold the estate funds until the IRS accepts the final income tax return.

See my website for more information about the Probate Process.

How Long Does It Take to Get An Inheritance?  In Part, it Depends on the Estate’s Creditors.

Other factors can cause delays, such as preparing real estate for sale, problems with valuing assets and, the sale of a business.  If your Uncle had a business, the executor might need time to collect accounts receivable and to either sell or shut down the business.

Though many possible reasons can delay your inheritance, the problem is the Executor’s failure to communicate with you.  As a beneficiary, you are always free to hire a Probate Attorney to represent your interests.  An experienced Probate Attorney can communicate with the Personal Representative and help explain to you your rights.  If the Executor fails to give satisfactory responses, we can Petition the courts and obtain the information.

See my website for more details about a Petition for Formal Accounting.

More Probate Questions?

The inheritance time line is only part of the overall probate process. By all means, if you wish to learn more, please read my more detailed article, The Probate Process All You Need to Know.

In Conclusion: How Long Does It Take to Get An Inheritance in New Jersey

I hope that this article was helpful in explaining how long does it take to get an inheritance in New Jersey. Further, I included links to even more detailed information on my website. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!

Let our Probate Lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced Probate Attorneys.  By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!

Wills, Trusts, Probate, and Estate Litigation, It’s All We Do!

Tags:

Burlington County, Estate Administration, Executor, Formal Accounting, Inheritance, Kelly Barse, New Jersey, Probate, Probate Attorney, Probate Lawyer

What Our clients are saying

Klenk Law Logo
Stars

Peter Klenk is an extraordinary attorney with positive guidance and knowledge for all of your Trust and Estate needs. We have used him for over 20 years.

Klenk Law Logo
Stars

Peter is a model attorney who puts his clients first at all costs. His extensive expertise in estate planning and tax planning was a great comfort as we began, and have expanded, our family. He is very thoughtful, generous, and quick witted. His approach towards his business has been an inspiration to his peer group, and his zest for life is extremely infectious. Without reservation, I highly recommend Peter as trusted and cherished counsel

Klenk Law Logo
Stars

Affable...yet surprisingly cerebral estate planning atty. High marks all the way around.

Klenk Law Logo
Stars

Peter Klenk ESQ is a thoughtful and capable attorney who we work with on estate planning issues. His firm recently provided us with new Wills, Power of Attorneys and our instructions regarding major health issues. These documents are important for estate and life planning. Peter and his team are masters in the complexities of Estate Law. We highly recommend Peter and his Associates to provide thoughtful advice and outstanding work on these complex issues of the law. Make sure your estate planning documents are up to date, and Peter can be relied on to do an excellent job. Well done Peter!

Klenk Law Logo
Stars

Peter has done a great job with the estate planning for my father. He is very thorough and patient as we, the family need to make decisions.

Let us put our expertise to work for you.

Free consultation within 24 hours.