Carl
Level 15

Investors & landlords

@Anonymous_ I forgot to mention my reasoning for waiting for probate to complete. Basically, when dealing with such large value items that are inherited, I always recommend folks wait for "at least" 6 months after the passing of the deceased before they make any decisions concerning that property or item inherited. That's because for up to 6 months after their passing, folks are still in the grieving process and for many it can and will affect their decisions. Decisions they may regret later.

But after six months folks will tend to have adjusted enough to their "new normal" and can make better and more sound decisions. The average probate can take six months. It just depends on the will and whats in the estate. I know when my grandmother passed back in the early 90's, probate on her very simple will was completed in about 5 weeks. But my dad still waited before he sold her house.