Posts

Do I need court permission to secure a cash advance in my inheritance?

Jul 8, 2020

A probate heir may wonder whether court permission is required before securing a cash advance on his/her inheritance. The answer is “NO.”   Court permission is not required, nor is permission required by the estate or the estate attorney.  When ADVANCE INHERITANCE makes a cash advance to an heir, the transaction does not have any effect on the overall estate, or on the share of the estate that is due other heirs. The advance will simplyRead more

Return To Normalcy

May 14, 2020

We are all living through an unprecedented time, unlike any of us have experienced before. Never has our country voluntarily shut down its economy to protect the lives of all Americans. To make matters more confusing, we are a nation composed of very different states, and states made up of significantly different counties and cities. Travel and commerce across the country, or just throughout the expansive state of California, can expose much of the nationRead more

How Much Does An Advance Cost?

Feb 4, 2020

A probate cash advance should only be used when there is a need, and after you have shopped for the best deal available to you.   Why does a cash advance cost more than a regular mortgage or banking rate?  Simply, the risk of not getting repaid is considerably greater and much more uncertain than a normal transaction. Additionally, the expected repayment date is not fixed (i.e. it may be months or years down the road),Read more

Preliminary Estate Distribution

Oct 7, 2019

The average probate estate in California takes about 18 months from initial filing to approval and distribution to heirs. That means long after real property and other assets are converted to cash, there may still be a lengthy delay to distribution. The courts are slow to act, allowing many delays to complete review and final approval. Heirs often stretch out the process arguing over some major or many minor issues. A loved one is lost,Read more

How to Avoid an Estate Foreclosure?

Aug 5, 2019

One of the most common questions we are asked, is: “CAN ADVANCE INHERITANCE, LLC HELP AN ESTATE AVOID FORECLOSURE?” The short answer is: “YES.” Estate Professionals often call us when the Estate home and all its equity are threatened by foreclosure. Estates are generally administered by a Decedent’s family member, who is inexperienced with Estate management, and often times overwhelmed by the strict timelines associated with solving a foreclosure problem on the Estate home. SometimesRead more

Who Needs an Heir Cash Advance?

May 16, 2019

We speak to thousands of people who need an heir cash advance.  Our clients have varied reasons to need these funds.  Most are looking for a cash advance in anticipation of receiving the inheritance money to be distributed to them at some indefinite time in the future.  Some of the cash advance purposes are: An estate property is facing foreclosure and the cash advance can save the property by giving the Estate time needed toRead more

What Estate Expenses Must Be Paid?

Mar 13, 2019

Let’s assume the following fact pattern: you are one of two equal heirs in an Estate.  The Estate is home worth $370,000 with a remaining mortgage of about $150,000.  If the house were sold and the mortgage paid off, that will leave about $200,000 available to the Estate.  But what other costs will have to be paid before you and the other heir receive the balance? Often times, the deceased has left substantial medical bills,Read more

The Sale Of Estate Property

Jan 21, 2019

The State of CA continues to lead the nation in rising resale property values. This has been the result of two issues.  The first is a result of the dwindling backlog of available inventory. As the supply drops, the pricing tends to rise. The second is that the cost of new construction spirals ever higher. This is due to higher construction costs due to CA regulations and building codes, and the small amount of availableRead more

The Statute of Limitations

Oct 10, 2018

A Statute of Limitations is in effect, a law that sets the maximum time after an event, such as a legal proceeding may be initiated. When this period of time passes, a claim may no longer be valid (i.e. any claim would be “time-barred”).  The intention of this code is to facilitate resolution of a matter within a “reasonable” time period. In California, most Probate Estates are Court supervised, and there is a complicated setRead more

Aretha Franklin

Sep 24, 2018

The recent death of famed entertainer Aretha Franklin came with a startling surprise. It seems that she left an estate worth about $80 million, but she died without leaving a will. Some other rich and famous individuals, like Howard Hughes, the entertainer Prince, and artist Pablo Picasso reportedly also died without a will. A recent 2017 survey, reports that a majority of Americans do not have a will or trust. Those dying without a willRead more