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January 15, 2009
Estate Planning Lawyer
An estate planning lawyer specializes in helping people create a plan to protect their assets. Estate planning involves executing legal documents such as trusts and wills; designating beneficiaries and the assets they will inherit; and appointing estate administrators to oversee your estate.
An estate planning lawyer can also ssist in executing a Durable Power of Attorney and Healthcare Proxy; establish guardianship for minor children; and designate payable-on-death and transfer-on-death beneficiaries to transfer real estate, financial holdings, and other valuable assets.
Real Estate Investing article on "Estate Planning Lawyer"
January 13, 2009
Bancruptcy
Bancruptcy is a common misspelling for the word 'bankruptcy'. Regardless of how you spell it, the thought of facing bankruptcy generally conjures up fear, anxiety, stress and shame. It's important to realize millions of Americans are currently in the same financial boat. With endless economic upheaval and skyrocketing unemployment rates, the entire country is on the verge of bancruptcy.
The good news is bancruptcy provides the opportunity to reduce or eliminate outstanding debts and start afresh with a clean financial slate. The bad news is new bankruptcy laws were implemented in 2005; making it considerably more difficult to obtain full discharge of debts.
Real Estate Investing article on "Bancruptcy"
January 10, 2009
Estate Planning Probate
Estate planning probate is a technique used to document your final wishes in the event of your death. Many people procrastinate about estate planning; particularly when they enjoy good health and are living an active lifestyle. However, death has a tendency to strike unannounced. Inadequate planning can create a tremendous financial burden for your loved ones should you die unexpectedly.
Estate planning probate usually requires the assistance of a qualified probate attorney. This type of lawyer is adept at estate planning and can help keep many of your assets out of probate. It is important to realize that everything you own must be transferred to probate in order to ensure your wishes are adhered to and rightful heirs inherit your belongings
Real Estate Investing article on "Estate Planning Probate"
January 07, 2009
Heir Advance
Heir advance is a term used to describe a cash advance using inheritance assets as collateral. The primary difference between cash advances and an heir advance is that the latter is not a loan. Instead, heir advances are repaid to the funding source when the estate settles out of probate.
Probate is a legal process used to validate decedents Last Will and Testament. During the process, all assets owned by decedents must be inventoried and a value established. An estate administrator is appointed to oversee the estate and perform certain duties. In cases where heirs elect to obtain a cash advance, the estate administrator must validate the amount of inheritance the heir is entitled to.
Real Estate Investing article on "Heir Advance"
December 30, 2008
Unclaimed Inheritance from Wills
Currently, billions of dollars in unclaimed inheritance from Wills is sitting in government trust funds across the nation. Experts suggest millions of heirs are entitled to money and valuable assets left to them by a deceased relative or friend. The majority of assets go unclaimed simply because the beneficiary changed their name or moved from their residence.
The majority of unclaimed inheritance from Wills is generated from life insurance policies. Life insurance companies must be notified when the policyholder dies. If no one notifies the issuing company the policy sits dormant until claimed by rightful heirs
Real Estate Investing article on "Unclaimed Inheritance from Wills"
December 11, 2008
Probate Attorney
A probate attorney is a lawyer who specializes in estates held in probate. Probate is the process used to validate a decedent's Last Will and Testament, inventory assets, and distribute financial holdings, real estate, and personal belongings to beneficiaries.
Most people require the services of a Transactional probate attorney. This type of lawyer is best suited to handle estate administration duties. Transactional probate lawyers will open the probate case and present the original Will to the probate court. They will provide assistance to the appointed Estate Administrator and ensure appropriate legal documents are filed in a timely fashion.
Real Estate Investing article on "Probate Attorney "
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 21, 2008
Estate Planning Attorney
Hiring an estate planning attorney is a crucial part of developing a plan for what happens to your assets and personal belongings in the event of your death. When people die without executing a Last Will and Testament or arranging a living trust, everything they own is placed into probate.
An estate planning attorney can help you avoid probate by implementing irrevocable life insurance trusts, living trusts, and assigning payable-on-death and transfer-on-death beneficiaries. The probate process can take several months to several years to settle. Without implementing estate planning procedures, all your worldly possessions will be distributed to heirs according to probate laws.
Real Estate Investing article on "Estate Planning Attorney "
November 16, 2008
Cheap Homes for Sale
Looking for cheap homes for sale? If so, you're in luck! In today's recessed economy, foreclosures are occurring at an unprecedented rate. In most suburban neighborhoods, two of every ten homes are up for sale. Although not every house is cheap, there is an abundance of real estate properties priced well under current market value.
A large percentage of cheap homes from sale are foreclosure properties. However, great deals can be found in bank owned, short sale, probate and "For Sale by Owner" real estate. Each type of property has its own set of pros and cons. It is crucial to thoroughly understand what is involved. Otherwise, the cheap homes for sale could end up being one big money pit.
Real Estate Investing article on "Cheap Homes for Sale"
November 11, 2008
Inheritance Cash
Inheritance cash refers to a cash advance using inheritance held in probate as collateral. When estate assets are held in probate it can take months or years before distribution takes place. Instead of waiting for probate distribution, heirs can sell their pending inheritance in exchange for a lump sum cash payment.
Inheritance cash advances can be obtained through private investors, lenders or other funding sources. Beneficiaries can use the proceeds to pay off credit cards and other outstanding debts; invest in real estate, stocks, bonds, mutual funds and other investment portfolio opportunities; or fund a vacation. Unless the beneficiary has outstanding tax liens, creditor liens or child support, they are free to do whatever they desire with their inheritance cash advance