Sunday, January 25, 2015

I am an heir to an estate in New York. Is it possible for the five heirs to get a partial payment on their inheritance prior to the closure ...

Question

I am an heir to an estate in New York. Is it possible for the five heirs to get a partial payment on their inheritance prior to the closure of probate



Answer

Yes, if there are sufficient reserves to cover all anticipated expenses, taxes and other costs that may be involved, the Executor can make a preliminary distribution.



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