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Probate is when someone with an official will dies and their estate is taken in by the court until certain requirements are met for it to be distributed to the heirs and beneficiaries. The legal validity of the decedent’s will is determined by the probate court before an executor, often delegated in the will, is appointed to the probate. The executor has full responsibility to uphold all the testator’s requests on how they want their assets to be managed. On the other hand, through this drawn out process the will may be disputed.
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Probate Advance

In order to obtain cash as soon as possible from assets held up in surrogate court, heirs/beneficiaries mentioned in a will or trust can allocate a portion of their future inheritance to Inheritance Fast Cash in return for an amount of money disclosed in the application agreement. Inheritance Fash Cash will be paid by the estate once the assets get confirmed for distribution, not by the beneficiary/heir themselves. This is not a loan, so you don’t have worry about interest payments being due after distribution.

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The Probate Procedure

A way to avoid probate all together is to instate your property within a revocable or irrevocable trust. If you take this route, then the court’s never get involved in the distribution of the grantor’s assets and estate but most likely be subject to estate taxes.
The entirety of testator’s estate may not enter probate as it may have been passed to another party contractually, depending on whether it is tied to an insurance policy stating that the recently deceased, a creditor, or retirement account is maintained as “payable on death,” or has a beneficiary addressed. The property, at times a bank/brokerage account, is held under contract as ‘jointly owned with right of survivorship.’
Upon death of the testator, a probate case is opened with the court and an executor is assigned. The executor, sometimes referred to as the personal representative, become sole owner of the decedent’s assets and estate. It is their responsibility to notify the courts of all the assets they have now gained ownership of. After, they must pay of any debts the grantor has accumulated in their lifetime and pay off estate taxes. In the end, the executor follows the wishes of the decedent and distributes the assets as stated in their will or if the there is no will, which means the decedent dies intestate, there are laws in which they must follow for distribution.
At any point during probate administration, any party involved can contest the process if they feel the validity of the will was compromised, feel as though the executor isn’t following the decedent’s wishes properly and question the identity of the beneficiaries/heirs. There are fiduciary duties that the personal representative must familiarize themselves with and follow accordingly. For instance, they must place money received through probate into an interest-bearing account and to treat all parties that are confirmed to receive a piece of the estate equally. If the personal representative does not follow these duties, then they’re eligible to be contested for removal and held accountable for any harm done to the estate by any parties involved in the probate administration.

Administrator Advance

Administration Proceedings are very costly, and parties held responsible to overwatch the entire process may not have the necessary finances at the time to see it through. Administrator Advances can assist in making the process go smoothly by covering matters such as:

  • Fund routine home maintenance or relocate those still living on the property
  • Preserve and enhance the value of estate property that otherwise might have to be sold for a mere fraction of its value
  • Staying up to date on bill payments to prevent foreclosure or seizing of the property

These advances are solely dependent on the estate asset(s), which means they do not rely on credit history nor employment wages. They’re arranged to be short-term (two years or less) but this extra funding option can often speed up the estate settlement period, so you get your money faster than usual.

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Corporate Relationships (Works with Lawyers)

We here at Inheritance Fast Cash understand the lawyer and client relationship. Probate attorneys hold just as much responsibilities as an executor of the will does.

If your clients require additional funding in order to handle personal matters, professional services, property maintenance, or any matters of the like, we can help.

Eligibility

  • The client must be an heir or beneficiary of a will or trust
  • The estate must be in probate
  • The heir or beneficiary must be eligible to inherit $20,000 or more.
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"Extremely knowledgeable and professional. Wonderful to work with. I would definitely use them again if need be."
Stephen Geist
New York NY

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  • 212-561-4299
  • 212-561-4299
  • info@inheritancefastcash.com