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4 result(s) displayed (1 - 4):

December 09, 2010

Inheritence

Inheritence refers to property and cash that is gifted to someone upon death. When a person executes a Will, property is distributed according to written directives. If there is no Will, assets are distributed according to state probate law.

A Will is required to ensure inheritence property is given to the people you choose. A trust further protects your estate and also offers tax benefits. Without a trust, estates must pass through probate.

Real Estate Investing article on "Inheritence"

March 23, 2009

How to Avoid Probate

Understanding how to avoid probate can save your estate thousands of dollars and endless hours of time. Many people do not realize that the probate process takes an average of three years to complete. During this time assets depreciate in value while attorney fees escalate.

The following tips reveal how to avoid probate strategies which can easily be implemented at little or no charge.

Real Estate Investing article on "How to Avoid Probate"

November 26, 2008

Inheritance Funding

Inheritance funding is a cash advance method available to heirs entitled to assets held in probate. The probate process can suspend distribution of inheritance for months or even years. As long as the decedent executed a Will and family members are in agreement, probate generally takes six to nine months. During this time, all assets are frozen with the exception of a bank account setup to manage outstanding bills and financial obligations.

In order to obtain inheritance funding, heirs must work with either an inheritance funding company or private investor. In the past, some banks and lending institutions provided cash for inheritance loans. With today's credit crisis, few, if any traditional lending sources offer this service.

Real Estate Investing article on "Inheritance Funding "

November 03, 2007

Tips for Giving and Receiving Inheritence Property

Inheritence can be a complicated matter. There is paperwork to file, taxes to pay and occasional family battles to contend with. If a person dies without leaving a will, inheritence property can be tied up in probate court for quite some time.

Even if inheritance property is listed in a will or living trust, it must still go through probate to ensure its validity. A probate judge reviews the deceased's estate, notifies beneficiaries and verifies assets. If there are debts associated with the estate, they must be settled prior to disbursement of inheritence property.

Real Estate Investing article on "Tips for Giving and Receiving Inheritence Property"