Inheritance Protection Elmhurst NY

Inheritance is a mixed blessing. Heirs usually receive an inheritance after a loved one passes away. While in the grieving process, family members don't think about money.

Local Companies

Stacey Vanburen Selden
917-855-6585
303 Mercer St Apt C102
New York, NY
Michelle F. Fine
646-825-9080
67 Wall St Fl 22nd
New York, NY
Gerald H. Horowitz
718-356-7186
24 E Stroud Ave
Staten Island, NY
Norman D. Fiedler
212-580-1363
2373 Broadway
New York, NY
Vivien Rachel Krieger
212-487-1053
42 Broadway Fl 5th
New York, NY
Garry Sharon Boucher
59 Rockledge Ave
Mount Vernon, NY
Michael C. Sordi
516-676-2660
147 Glen St
Glen Cove, NY
Marina Irene Adams
212-720-7823
33 Liberty St
New York, NY
Jonathan Gerald Shallow
212-309-1132
200 Park Ave Fl 52nd
New York, NY
Daniel Peter Maltese
516-747-5900
220 Mineola Blvd Ste 10
Mineola, NY
Data Provided by:
  

Provided By:

Author: Simon Volkov

Inheritance is a mixed blessing. Heirs usually receive an inheritance after a loved one passes away. While in the grieving process, family members don't think about money. To protect heirs' inheritance the deceased needs to make a plan for their assets before death.

An heir's inheritance can be depleted during the probate process. A Last Will and Testament explains the decedent's plans for each heir's birthright. Without an irrevocable living trust however, the deceased's assets go into probate. Probate court takes time to verify the Will and account for assets and creditors. All costs for the court fees, including attorneys who bill an hourly rate, are charged to the estate. As probate drags on for months and sometimes years, beneficiaries lose most of their inheritance.

Beneficiaries specifically named on life insurance policies or bank accounts can receive their inheritance without going through the probate process. Personal possessions of the deceased or real estate properties will have to go through probate without the irrevocable living trust. The burden of maintaining property and making monthly payments can be quite a strain for loved ones.

Heirs facing financial hardship might ask the estate administrator for their share of the inheritance while the estate is being probated. The estate administrator is the person responsible for distributing assets among other job duties to the estate. Even in an emergency situation, funds can not be distributed until probate is complete.

Beneficiaries have a few options to get cash from probated estates. The estate administrator can approve the sale of real estate properties before assets are probated. Selling real estate property relieves the burden of paying upkeep for cash strapped heirs.

Heirs can also sell their inheritance claims to private investors. When inheritance is sold, heirs don't have to worry about payments or high interest rates. Private investors become a creditor of the estate. All settlements come directly from the decedent's assets, not from heirs.

Most heirs are unfamiliar with the probate process. A probate specialist like Simon Volkov, can help heirs get money for their inheritance. Don't risk losing your loved one's legacy by working with inexperienced real estate investors who can't navigate the complicated probate process. Go to SimonVolkov.com today. One click of the forms tab at the top of the page will bring up the cash for inheritance link. Getting professional probate advice is as easy as filling out this form.


About the Author:

Simon Volkov is a Probate Specialist who can help you get the money you deserve from your inheritance He has years of experience dealing with the probate courts. Simon can buy your probate properties and you a lump sum payment in as little as three weeks.

Article Source: http://www.articlesbase.com/real-estate-articles/inheritance-protect-your-money-during-probate-838594.html

Related Article
- Tax Issues for Domestic Partners Elmhurst NY
Additionally, we all know lawyer fees are not cheap. In fact, it can cost a same sex couple thousands of dollars in legal fees to get similar financial rights as those awarded by a marriage. While a marriage license on the other hand, usually costs under about $50.