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Mom Said Everything Will Go To Me

Nov 10, 2021

We always recommend that clients discuss their own testamentary wishes with a trusted Estate planning attorney.  Without a Will or Trust, a person’s assets will be distributed per the probate laws in the state in which the person passed away. You may be the relative who cared for the Deceased for a lengthy time period, while others spent virtually no effort assisting in the Deceased’s remaining days.  The Deceased may have made it clear toRead more

What Estate Problems Can We Solve?

Jul 9, 2021

Advance Inheritance provides cash advances to heirs of probate and trust estates. WHAT FISCAL PROBLEMS CAN WE SOLVE? Often times, the main Estate is a home. In many cases, the Estate home will be sold. The resulting cash sale proceeds will eventually be distributed amongst the heirs. Before a sale occurs, the Estate administrator must decide whether to renovate or sell the Estate home in “as is” condition. If cash is needed for Estate repairsRead more

Has the Pandemic Affected the Probate Process?

Apr 19, 2021

Here in the state of California, and particularly in the Los Angeles, San Diego, Alameda and Orange county courthouses, the probate process has been greatly delayed. For months, Courthouses were closed to public hearings, and even though are now open for business, many are being held remotely through Zoom or by phone. The pandemic compounded the already strained Court system, which further complicated and delayed the settlement and distribution of many Probate and Trust Estates.Read more

Does an Heir Cash Advance Affect Distribution?

Feb 5, 2021

When heirs consider a probate cash advance in Los Angeles, they often worry that their actions may slow up the final distribution of the estate assets.  They are also concerned that their advance may affect the other heirs in the estate. Taking a cash advance as an heir, does not delay distribution or affect any other heirs.  Generally, an heir will request a cash advance for a portion of the amount due them.  An heir expectingRead more

How Are Shares Of An Estate Determined?

Oct 13, 2020

If a relative passes away, how is the estate distributed? An estate may have a will, or a trust, or neither.  If there is a will, the estate is referred to as “Testate;” and if there is not a will, it is called “Intestate”.  A trust is a trust.   Under the testate rules, the will generally details how the estate assets are to be distributed.  The deceased may include or exclude anyone they wish.  TheyRead more

How Is A Cash Advance Repaid?

Sep 8, 2020

One of the most unique features of a probate heir cash advance, is how and when it is repaid. An heir cash advance is not a loan.  A loan would normally have a date certain for repayment, but the heir advance does not.  The advance is repaid when the estate settles and funds are distributed to all parties.  This normally takes 12 to 18 months, and many times much longer. A loan would normally haveRead more

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