Results 1 to 11 of 11

Thread: Will payout

  1. #1
    Speechless
    Points: 232,883, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 79.0%
    Achievements:
    SocialCreated Album picturesVeteran50000 Experience Points
    dmclone's Avatar
    Join Date
    Oct 2006
    Location
    50131
    Posts
    15,240
    Points
    232,883
    Level
    100
    Thumbs Up
    Received: 957
    Given: 1,428

    Will payout

    I'm kind of embarrassed to even ask this question but how long does it usually take to get an inheritance? The person in question passed away about 9 months ago and his house sold over 3 months ago. What else could be holding it up.

    I would ask the person in charge but I feel a little embarrassed since I barely knew the person and it's not that much money.

    Any ideas?



  2. #2
    Hall-Of-Famer
    Points: 45,058, Level: 65
    Level completed: 63%, Points required for next Level: 492
    Overall activity: 8.0%
    Achievements:
    Veteran25000 Experience Points

    Join Date
    Oct 2008
    Posts
    4,171
    Points
    45,058
    Level
    65
    Thumbs Up
    Received: 425
    Given: 187

    Re: Will payout

    You should go to church and pray.



  3. #3
    All-Star
    Points: 25,921, Level: 49
    Level completed: 38%, Points required for next Level: 629
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points
    CyPlainsDrifter's Avatar
    Join Date
    Jun 2006
    Posts
    1,073
    Points
    25,921
    Level
    49
    Thumbs Up
    Received: 150
    Given: 78

    Re: Will payout

    It really just depends..... some estates settle in less than a year and some can drag out 2-3 depending on what all needs to sell or be resolved. There's no way for anyone here to help..... you would have to ask someone involved with that specific estate.



  4. #4
    Speechless
    Points: 232,883, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 79.0%
    Achievements:
    SocialCreated Album picturesVeteran50000 Experience Points
    dmclone's Avatar
    Join Date
    Oct 2006
    Location
    50131
    Posts
    15,240
    Points
    232,883
    Level
    100
    Thumbs Up
    Received: 957
    Given: 1,428

    Re: Will payout

    So once everything is sold/paid off what else is there to wait on?



  5. #5
    Hall-Of-Famer
    Points: 64,098, Level: 78
    Level completed: 53%, Points required for next Level: 752
    Overall activity: 3.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points
    CycoCyclone's Avatar
    Join Date
    Apr 2009
    Location
    Urbandale
    Posts
    4,975
    Points
    64,098
    Level
    78
    Thumbs Up
    Received: 170
    Given: 833

    Re: Will payout

    settling all debts of the deceased.


    John Walters is my hero

  6. #6
    Legend
    Points: 157,770, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points

    Join Date
    Oct 2007
    Location
    Marshalltown
    Posts
    11,041
    Points
    157,770
    Level
    100
    Thumbs Up
    Received: 655
    Given: 451

    Re: Will payout

    When my great-uncle passed away a couple years ago I received a check within a month. But, that was from a retirement account not proceeds from selling property.



  7. #7
    Legend
    Points: 244,959, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 2.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Nov 2006
    Posts
    11,297
    Points
    244,959
    Level
    100
    Thumbs Up
    Received: 927
    Given: 1,047

    Re: Will payout

    Your going to hell.



  8. #8
    Addict
    Points: 146,308, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    RayShimley's Avatar
    Join Date
    Sep 2008
    Location
    Stillwater, MN
    Posts
    6,171
    Points
    146,308
    Level
    100
    Thumbs Up
    Received: 202
    Given: 40

    Re: Will payout

    If there is any outstanding claims against the estate, they have to be settled before anything is released to the executor of the estate. Like someone said before, there's no way anyone on here could help ya out with that one.



  9. #9
    Prospect
    Points: 7,829, Level: 26
    Level completed: 47%, Points required for next Level: 321
    Overall activity: 1.0%
    Achievements:
    Veteran5000 Experience Points

    Join Date
    Mar 2006
    Posts
    33
    Points
    7,829
    Level
    26
    Thumbs Up
    Received: 1
    Given: 0

    Re: Will payout

    Most estates in Iowa take about a year. They have up to 3 years to get it resolved before the court cracks down on them. Right now, they are probably waiting on certain tax clearances which give them the ok as to resolution of tax matters. Once they get that tax clearance, they'll proceed. Like everyone said, it is really dependent upon the estate's particulars.



  10. #10
    Pro
    Points: 31,236, Level: 54
    Level completed: 36%, Points required for next Level: 714
    Overall activity: 1.0%
    Achievements:
    Veteran25000 Experience Points
    CyPride's Avatar
    Join Date
    Oct 2008
    Posts
    2,547
    Points
    31,236
    Level
    54
    Thumbs Up
    Received: 2
    Given: 26

    Re: Will payout

    Quote Originally Posted by dmclone View Post
    I'm kind of embarrassed to even ask this question but how long does it usually take to get an inheritance? The person in question passed away about 9 months ago and his house sold over 3 months ago. What else could be holding it up.

    I would ask the person in charge but I feel a little embarrassed since I barely knew the person and it's not that much money.

    Any ideas?
    You could always look in the courts system files yourself. Might have some clues there. Or call the attorney (if there is one) handling the estate and ask.



  11. #11
    Legend
    Points: 144,029, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 2.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points
    Flag Guy's Avatar
    Join Date
    Mar 2007
    Location
    Maryland
    Posts
    13,108
    Points
    144,029
    Level
    100
    Thumbs Up
    Received: 13
    Given: 1

    Re: Will payout

    Quote Originally Posted by Knownothing View Post
    Your going to hell.

    I doubt he'll miss his " " that much. Now if you had said "You're going to hell", he might be a bit more worried....












    Oh we will fight, fight, fight for Iowa State,
    and may her colors ever fly!!!
    In Accordance with Prophecy

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: TBA
  • Football Season Opener vs. UNI
  • September 3, 2016
  • 07:00 PM