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All money collected. can beneficiaries get their distribution before the house is sold?

Mobile, AL |

All money has been collected by the executor of the estate. She stated six months ago the probate attorney would sell the house. House has not been sold and distribution was to be made in Jan, 2010. Can the beneficiaries still get their distributions and the proceeds from the house later after the property has been sold?

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Attorney answers 1


Interim distributions really depends upon the liquidity of the estate; namely, does it have enough money to pay all debts and taxes. The executor may be able to make an interim distribution, if all debts and taxes have been paid, there is no pending litigation and there is still money left in reserve for unforeseen needs.

Hope this helps.
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