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Executor and Trustee Frequently Asked Questions

Nov 6, 2015

Q: – How is the executor or trustee of an estate chosen? A: – To begin, if there is a will or trust available, that person will be named.  In the case of a will, they will be called the executor, while in the case of a trust, they will be called the trustee.  If the decedent passes without a will or trust, the estate will be called intestate.  In this case, the court willRead more

Who Is Eligible For An Heir Cash Advance

Oct 5, 2015

Most heirs to a Probate Estate can receive a cash advance on their inheritance.  This is the case regardless of the existence of a Will or not.  An advance has no bearing on any of the other heirs, nor does it affect the manner in which the Estate is administered.  The amount available is based on the net value of the inheritance (after all estate claims and expenses are paid). If the estate is governedRead more

Time is Money: Advance on your Inheritance

Sep 25, 2015

Often the heirs of an estate do not have the time to wait for the entire Court directed process to be completed. The estate may need funds to update real property for sale. The property may sell for a much higher price after remodeling, than it might in its current state. Updated property may also sell much more quickly than property left to heirs by an elderly deceased individual. Property held by an estate may be close toRead more