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7 Tag Results

7 result(s) displayed (1 - 7):

December 19, 2009

Heir

Heir is the term used to reference an individual entitled to inheritance property. Legal heirs can include surviving spouse, biological or adopted children, and direct lineage relatives such as mother, father, sister or brother.

Each heir should be listed within last will and testament along with specific inheritance property they will receive. When decedents elect to disinherit heirs they should include a disinheritance statement within their last will. This provides evidence to the probate court the decedent knew the heir was alive, but intentionally chose to leave them out of their Will.

Real Estate Investing article on "Heir"

October 27, 2009

Unclaimed Money

Have you ever wondered if you have unclaimed money sitting somewhere? There's a very real possibility that you do. An unknown safe deposit box or life insurance policy could be sitting somewhere just waiting for you to claim it. The question is how do you find it?


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Sadly, there is no central unclaimed money database. You will have to engage in some detective work to locate potential funds. The good news is modern technology has made the task a little easier.


Real Estate Investing article on "Unclaimed Money"

May 02, 2009

California Estate Planning

California estate planning allows residents to establish healthcare directives and retain control of assets in the event of their death. Estate planning outlines who will be in charge of administering the estate and which heirs will receive assets.

California estate planning is no different than establishing protocols in any other state. The only difference is California residents must adhere to established probate laws. Probate is regulated on a state-by-state basis. The primary difference between states is the amount which determines what constitutes a 'small estate.

Real Estate Investing article on "California Estate Planning"

February 08, 2009

Probate Cash

Probate cash refers to money obtained from a funding source using probate assets as collateral. Probate assets include financial and real estate holdings left to beneficiaries through a Last Will and Testament. In order to obtain cash in exchange for probate inheritance, a series of events must occur.

Probate cash is available through either inheritance cash funding companies or private investors, such as Simon Volkov. These entities or individuals are referred to as the Funding Source. When a funding source provides probate cash, they assume a considerable amount of risk.

Real Estate Investing article on "Probate Cash"

February 01, 2009

Wills and Probate

Wills and probate are two crucial elements of estate planning. Wills are legal documents which outline distribution of assets to designated beneficiaries. Probate is the legal process used to ensure the decedent's wishes are followed and adhere to probate laws.

The validation of will and probate process generally takes six to nine months. During this time, the designated Estate Administrator named in the Will, works with either the estate planning attorney or probate lawyer retained by the decedent. The Administrator is responsible for organizing documents, handling financial matters, contacting creditors and inventorying all estate assets

Real Estate Investing article on "Wills and Probate"

March 07, 2008

Inheritance Property

Inheritance property is any property received from a person who is deceased. It can consist of real property such as a house, business or undeveloped land, or personal property such as automobiles, boats, jewelry, household furnishings and clothing.

Inherited property can include financial instruments such as cash, investment portfolios and life insurance proceeds. Although considered personal property, financial inheritances are oftentimes taxed at a different rate than other types of personal property.

Real Estate Investing article on "Inheritance Property"

February 13, 2008

Heirs inheriting realestate from a lost loved one can be traumatic.

The word 'heir' dates back to the 13th century and is derived from the Latin words, hered and heres. These two words are related to the Greek word, ch─ôros, meaning 'bereaved' or 'suffering the death of a loved one'.

Heir can be used to describe a person who either inherits property or is entitled to inherit property. It is also used to describe a person who is entitled to fulfill a specific role, such as an heir to a business or estate. Last, but not least, heir describes an individual who receives a gift or donation or particular quality from a parent or ancestor.

Real Estate Investing article on "Heirs inheriting realestate from a lost loved one can be traumatic."