How long does a bank have to release funds after parents passed?
my parents passed away and left me a cash gift . to be paid out with the creditors the bank now has all the court orders to release funds how long will i have to wait
Your lawyer should answer this question. I am assuming he is executor of the will. It takes a while for probate. All creditors have to be notified and prove amts owed. They get paid first. Then those who inherit.
My suggestion is to call Wells Fargo customer service. Here is their number - 1 (800) 869-3557 or call lawyer that is waiting on the check. Surely he has handled this type of situation before and can give you an estimate on the number of days that the bank has to respond. The lawyer is waiting to get paid as well. Sorry I can't offer any other advice.
basicaly the lawyer said he is waiting on a check from wells fargo to make payments to creditors and me . just wondering how long the bank has before they must release said funds ..the judge signed papers last week lawyer sen tem to wells fargo
The bank may be obligated to pay creditors first before releasing the funds. My thoughts would be to go to the bank and talk with the bookkeepers there.
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Are you saying that your parents left you money in their will, but there are other creditors who have to be paid?