Typically, a Long Island estate will take at least seven (7) months from the time the administrator or executor is appointed. Some smaller estates can take less. But most estates will take longer.
The executor needs time to figure out what the decdent owned (unless this is a rare occasion where the decedent left a recently updated list of assets). The executor needs time to list real property on the market, and the realtor will need time to sell the property if a good price is to be had. If the decedent was involved in business, that takes time to take care of as well.
If there are disagreements regarding a Long Island estate, the process can take considerably longer – from one to two years (the common scenario) to decades (large estates with continuing businesses). When a will or relationship is challenged, even opening up an estate can take more then a year. If there are disagreements over property, the estate can stay semi-frozen for years until the dispute is resolved.
If you are looking for a Long Island estate attorney, call the Law Offices of Albert Gurevich at (516) 777-0647.
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