Q: On a will signed by all now, funds were to be released this week NOW broker is needing Letter of Testamentary?
When should that have been done? Just hearing about it today that executor was going tomorrow to do this and is very close lipped on it all as far as keeping th lines of communication open. It’s been hurry up then wait now. It as been 9 months since death btw and he had a will. Now are wondering how long can it hold up release of funds/stocks?
A: A will must be probated in Court before it is considered valid. The named executor is usually the person to apply for probate and the original will is presented to the Court. If a Court finds the will is legal then they will issue Letters Testamentary to the Executor, usually the same day. Most Courts in Texas require the Executor to have an attorney.
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