The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1915-10-07
TO SETTLE ESTATES EARLIER
Creditors TO Have But -Four Months
In Which to File Claims and Notice
to Creditors Is to Be Given When
Estates Are Offered for Probate.

In Keeping with the provisions of the
NEW state law passed by the last legis-
llature the Flaws delays are going to
be eliminated as far as possible in the
important work Of the county court of
Kenosha county, and Judge George w.
Taylor has notified all the attorneys
in the city that the new law is oper-
alive IN Kenosha. The operation of
! this new law makes it possible to close
up the estates of deceased persons in
i a much quicker time than under the
old law, !" said Judge Taylor this morn
ing, and I believe that the operation
of this law is a matter of great interest
to all people interested in the settlement
of the estates Starting with this term
! of the county court we are sending out
notice to creditors III all estates at the
time the application is made for probate
of the will or for administration. This
makes possible the saving of a whole
month in reaching the date Of final set
| Element as under the old law the notice
ito creditors did not go out until after
a will had been admitted to probate or
an administrator appointed. Under the
new law four months instead of six is
allowed for creditors to file their claims
against estates except in very compli
Gated estates. This will make the cut
ting off of two more months on the time
necessary to close up an estate. 1t will
make it possible for creditors to secure
the payment of their claims at an earl
Ter date and at.the same time will make
it possible for heirs to have an early
division of the estate.
The new law is especially helpful IN
connection with the figuring Of inherit,
ance taxes on estates. In the past it
has been necessary to estimate these
taxes on account of the fact that the
state law requires that inheritance tax
must be paid within year after the
estate is offered for probate. This rule
has brought a lot Of dissatisfaction.
Under the new regime it will be poss-
lible to determine much more accurately
the amount to be paid as Inheritance
tax by the various estates as it may
he computed following the final account
Iof the executor or administrator.
q The law is a most important one, ;"
CONTINUES Judge Taylor 1t was sug-
gested by the county judges of the state
not for their own convenience any more
than for the convenience of every per-
son connected with this important
branch of the state courts. The settle
ing Of an estate is now possib,' in from
six to eight months while in the past
the full year was required.
| The law will aid materially in forcing
settlements of estates which in the past
have been allowed to drag along for
many months and some times many
Years. Judge Taylor has been active in
seeking to secure the closing up of es-
tates in the shortest possible time.
There are still, however, many estates
which have been in the hands of the
courts for years on account of the fail
lure of attorneys or executors to proper
Ilv take care of these interests In.
NEARLY all of these estates the people
interested have been notified that inn
mediate provision must be made for the
closing up of the business connected
with them