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Every estate is different and can take a different length of time to administer depending on its complexity. There is a general expectation that an executor or administrator should try to complete the estate administration within a year of the death, and this is referred to as the executor's year.

* You can file your paperwork to close the estate informally 6 months after the date that the court named you as the Personal Representative, or one year after the decedent died, whichever date happens first.

Summary administration is a more streamlined version of the traditional probate process, allowing your loved ones to save time, probate fees, and potentially lawyer fees. Although it doesn't allow your survivors to skip probate entirely, the process is much simpler than a full probate.

As a rule, gifts of a set amount of money in a will should be paid out within a year of death. If the executor isn't able to pay the legacy within that time, the beneficiaries will be entitled to claim interest.

The court may require that the personal representative get approval for every transaction or may allow the personal representative to administer the estate unsupervised. Both informal and formal probates must be open with the court for at least six months, but full administration of the estate may take much longer.

There is a range regarding how long it takes to settle an estate and several factors at play, including the asset value and complexity. Simple estates might be settled within six months. Complex estates, those with a lot of assets or assets that are complex or hard to value can take several years to settle.