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June 22, 2011

Family Disputes over Property

When family disputes over property arise it's smart to attempt resolution as quickly as possible. Irreparable damage and division within the family can occur if disagreements escalate. If necessary, call in a professional mediator, religious clergy, or lawyer to defuse the situation and begin negotiation.

Unfortunately, family disputes over property are common occurrence. The most prevalent source of disagreements stem from divorce and inheritance gifts bequeathed from deceased relatives. Death and divorce are highly charged emotional events that can cause people to behave out of character.

Real Estate Investing article on "Family Disputes over Property "

December 09, 2010

Inheritence Property

Inheritence property consists of real property, cash, and personal belongings that have been gifted to others via a Will, trust, or probate law. Anything that belonged to the decedent must be transferred to a surviving spouse, family members, friends, institutes of education, or charitable organizations.

The most common way to gift inheritence property is through a last will and testament or trust. Estates not protected by a trust must undergo the process of probate. This is required in all states to ensure estates are settled according to state probate laws.

Real Estate Investing article on "Inheritence Property "

November 24, 2010

Real Estate Investing Strategies

Before implementing real estate investing strategies, investors should have a solid plan in place. Doing so can help investors determine which types of properties are best suited for their investing style and the goals they want to achieve.

Planning the types of real estate investing strategies requires research and networking with investors who have achieved success. One place to locate other investors is through real estate clubs or online networking groups. Networking with others can save hours of time and lessen the potential of gathering information from those more interested in selling their investing secrets instead of helping others succeed.

Real Estate Investing article on "Real Estate Investing Strategies "

February 05, 2010

Probate Loan

A probate loan is not actually a loan. Instead, it is a cash advance provided to estate beneficiaries entitled to property held in the probate court system. Obtaining inheritance loans involves following certain protocol, submitting legal documents, and assigning inheritance rights to the funding source.

Probate loan providers assume substantial risk when accepting inheritance property as collateral for cash advances. Inheritance loans are repaid by the estate. It is not uncommon for estate administrators to sell probated assets to pay outstanding debts. Some estate planning experts claim less than 20-percent of heirs receive inheritance property held in probate.

Real Estate Investing article on "Probate Loan"

November 16, 2009

Probate Money

Probate money refers to cash, coins, gold or currency gifted to beneficiaries through a decedent's last will and testament. Unless protected through a trust, inheritance money must be processed through probate before distribution can occur. Unfortunately, this process can extend for months or years.

Probate money can also refer to cash obtained through the sale of probated assets. Many aspects are involved with selling inheritance assets held in probate. Much depends on the type of asset and its value. Selling a business or piece of real estate requires considerably more effort than selling a valuable stamp or coin collection.

Real Estate Investing article on "Probate Money"

March 19, 2009

Probate Liquidators

Probate liquidators refer to companies that purchase assets held in probate. This can be a valuable service for estate executors because it allows them to sell assets for cash. This money is used to pay off outstanding debts associated with the estate and allows for ease of distribution to creditors and intended beneficiaries.

The sooner assets are sold to probate liquidators, the better. Estate assets are held in probate for an average of three years. During this time assets depreciate, while attorney fees and probate costs escalate. By selling probate assets at the onset of probate, the estate receives more money and can reduce the duration of the probate process.

Real Estate Investing article on "Probate Liquidators"