Estate Planning 101

How Long Does an Executor Have to Settle an Estate in Idaho

In this article, we'll look at how long an Executor has to settle an estate in Idaho. We'll look at the milestones and due dates, as well as factors that impact timelines and how to know when an estate is officially 'settled'.)
October 6, 2023

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The responsibility of settling a deceased person's estate, or probate, is a complex process that falls onto the executor. In Idaho, this involves several steps including validating the deceased's will, inventorying their assets, paying off any debts and taxes, and eventually, distributing the remaining assets to the designated beneficiaries. Given the intricacy and breadth of these tasks, many wonder just how long an executor has to settle an estate in Idaho. The timeline can vary significantly, from several months to over a year, depending on factors such as the size and complexity of the estate, the clarity of the will, and whether or not the probate process is contested.

The Estate Settlement Timeline:

The process of settling an estate in Idaho involves several stages, each with its own general timeline. Here, we will go through each stage to provide a clearer understanding of how long the entire process might take:

  1. Submitting the Will: In Idaho, the executor, also known as the personal representative, is required to submit the will to probate court as soon as reasonably possible after the death of the testator (the person who made the will). There is no specific timeline for this in Idaho law, but it is generally best to do so within 30 days to prevent unnecessary delays in the probate process.
  2. Inventorying the Estate: Once the will has been submitted, the executor must compile a comprehensive inventory of the deceased's assets, which includes real estate, personal belongings, bank accounts, investments, and other assets of value. Depending on the size and complexity of the estate, this process can take anywhere from a few weeks to several months. In Idaho, the executor is typically given three months from the date of their appointment to submit this inventory to the court.
  3. Communicating with Creditors: After the inventory is complete, the executor must notify all known creditors of the deceased's passing. In Idaho, creditors then have four months from the date of their notification to make claims against the estate for any debts owed.
  4. Paying Debts and Taxes: After notifying the creditors, the executor must then pay off any valid claims from the estate's assets. This also involves settling any final income taxes or estate taxes owed. This process can take from a few months to over a year, depending on the number of claims and the state of the deceased's financial affairs.
  5. Distributing the Remaining Assets: The final step in the estate settlement process is distributing the remaining assets to the beneficiaries as specified in the will. This can only be done once all debts and taxes have been paid. If there are no disputes among the beneficiaries, this step can be completed relatively quickly, often within a few weeks.

Keep in mind, these timelines are average estimates and can vary significantly based on individual circumstances. For example, if a will is contested, the probate process can be delayed by months or even years. Additionally, if the estate is particularly large or complex, it may take longer to inventory and distribute the assets. While the executor is required to settle the estate as efficiently as possible, the process often requires a significant amount of patience and diligence.

How Do You Know When an Estate is Settled:

An estate is generally considered settled when the executor has completed several tasks: submitting the will to probate court, inventorying the estate, notifying and paying off creditors, settling any taxes owed, and distributing the remaining assets according to the will. Beneficiaries should receive a final accounting from the executor, which is a document detailing all of the financial transactions made on behalf of the estate.

In Idaho, once this final accounting is reviewed and approved by the probate court, the executor can file a "petition for discharge", which officially releases them from their duties. Upon approval of this petition, the estate is legally considered settled. This final confirmation ensures beneficiaries that the estate settlement process has been completed.

What to Do If You Think The Executor Is Taking Too Long:

While settling an estate can be a lengthy process, there may be instances when an executor is not fulfilling their duties in a timely or efficient manner. If you, as a beneficiary, have concerns about this, there are steps you can take. Start by communicating your concerns with the executor – they may be able to provide a reasonable explanation for the delays. If communication doesn't resolve the issue, you can request an accounting of the estate, which is a report detailing the financial actions taken by the executor on behalf of the estate.

If you're still unsatisfied after these steps, Idaho law allows beneficiaries to petition the probate court for the removal and replacement of an executor who is not adequately performing their duties. This should be considered a last resort, as it can further complicate and delay the estate settlement process. It is always recommended to consult with an estate planning attorney before taking this action.