Category: Uncategorized

Am I A Probate Heir?

Sep 9, 2017

How are heirs in a probate estate determined? Often times, the deceased has left behind a Will, in which the beneficiaries are specifically identified.  The respective amounts or percentages for the beneficiaries may be equally shared, or the deceased may have determined different percentages or amounts, or other various options.  If there is no Will, then California Probate Code establishes entitlement per a family tree… Continue Reading

Posted in Uncategorized

What Are The Benefits Of A Probate Cash Advance?

Jul 11, 2017

The probate process in the State of California, now takes about 18 months.  It is not uncommon for this to take considerably longer.  The Courts maintain strict oversight over the process, but are extremely overburdened. Hearing dates are constantly pushed out, and there are often other matters that delay receipt of an inheritance.  Meanwhile, the heirs may have pressing financial needs, such as 1.Immediate need… Continue Reading

Posted in Uncategorized

What is the difference between a loan and a probate cash advance?

May 5, 2017

I will begin by stating that while most people think of a probate cash advance as a loan, this is generally not the case. Most probate inheritance cash advances are actually assignments of interest. The heir has a probable inheritance coming their way, but often cannot wait until the completion of the court supervised process, for all or part of the inheritance. This may literally… Continue Reading

Posted in Uncategorized

How Is the Administrator of an Estate Determined?

Mar 2, 2017

In the Estate where a Will is offered for probate, a proposed executor (and sometimes an alternate) is nominated in the Decedent’s Will.  The deceased will generally choose a trusted family member, and occasionally they will choose an unrelated trusted individual such as a lawyer, financial specialist, or private professional fiduciary. In an Estate where there is no Will, and thus no named Executor, there… Continue Reading

Posted in Uncategorized

Does your Probate Estate includes Property with Outstanding Mortgage Balance?

Jan 11, 2017

What to do when a probate estate includes property that has an outstanding mortgage balance? Most often, a probate estate includes a home or other properties that have an open mortgage balance. It is crucial that payments on the mortgage are kept up to date. It is the obligation of the estate administrator to see this is done (if possible), to ensure that the home,… Continue Reading

Posted in Uncategorized

The Advantages of a Probate Cash Advance

Oct 3, 2016

You have just learned that you are an heir to a probate estate.  Of course you are saddened by the loss of a loved one, but adding to your woes, you learn that it will probably take 12-18 months for you to have access to your share of your inheritance.  Frankly, it may even take much longer.  The Court supervised process managing probate is cumbersome… Continue Reading

Posted in Uncategorized

Do You Need a Probate Attorney?

Aug 16, 2016

In the State of California, the executor of an estate has the right to hire a probate attorney to assist in the management of process, or to keep matters in their own hands. If the executor wishes to control the process by themselves, the estate is called “in pro per”. That signifies that there is not an attorney supervising the process. In either case, the process will still… Continue Reading

Posted in Uncategorized

What is an Estate, and What is Estate Tax?

Jun 2, 2016

What is an Estate? We spend the majority of our lives working, raising our families, and putting aside some money towards our retirement.  Hopefully during this time, we have accumulated some savings, perhaps an investment, and a home that has appreciated in value.  This is called is called our Estate.  This is the cash and property that we wish to leave our heirs as inheritance… Continue Reading

Posted in Uncategorized

Why Estate Planning is Beneficial

Apr 19, 2016

Almost no one knows the date of their impending passing.  Most of us do have an idea or general plan on how we would like to see the assets of our estate distributed upon our death.  Unfortunately, we do not always get around to making our wishes properly documented.  Often that can be a very costly mistake to those whom you wish to leave your… Continue Reading

Posted in Uncategorized

I Want My Money Now!

Mar 14, 2016

Someone close to you has passed, and you are an heir in their estate. If the estate is going to be probated in the State of California, the process will generally take between 12-24 months to come to conclusion, with funds distributed to the heirs. You need or want a portion of your inheritance now. Personal expenses or those related to the estate must be paid, and that… Continue Reading

Posted in Uncategorized