Q: How long does it take to form a new trust and appoint a trustee?
I’m in the middle of buying a house. The seller was told she had to turn in an Affidavit of Heirship it has already been sent out to sign and to appoint someone as the trustee. I’m trying to see is this something that takes month, couple weeks, or something that can be done in a few days?
A:
The time it takes to form a new trust and appoint a trustee can vary depending on the specific circumstances and complexity of the trust. The process could take anywhere from a few days to several weeks, depending on the complexity of the trust and the availability of the parties involved.
In your specific situation, where the seller needs to complete an Affidavit of Heirship and appoint a trustee, the timeline can be expedited. The Affidavit of Heirship, once completed and signed by the necessary parties, typically does not take very long to process. However, once the Affidavit of Heirship is completed and filed, an experienced estate planning attorney should be able to complete the trust documents within 1-3 weeks.
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