Inheritance Protection West Babylon 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

Jennifer Ann Wynne
516-479-6300
100 Jericho Quadrangle Ste 300
Jericho, NY
Michael Edward Lipson
516-729-1701
366 N Broadway Ste 410
Jericho, NY
Robert Joel Krakow
516-354-3300
2001 Marcus Ave Ste N125
New Hyde Park, NY
Toni Phyllis Reale
516-352-8539
23 Fern St
Floral Park, NY
Lucia Lanzaro Goodwin
516-826-3674
1801 Madison Ave
North Bellmore, NY
Michael Ross Denkovich
516-827-0248
46 Knickerbocker Rd
Plainview, NY
Jackson Leeds
516-223-8407
1528 Kenneth Avenue
Baldwin, NY
Martin Joseph Massell
516-572-2161
99 Main St
Hempstead, NY
John James Drake
631-912-1222
44 Woodycrest Dr
Northport, NY
Jonathan David Canter
631-427-4600
33 Walt Whitman Rd
Dix Hills, 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 West Babylon 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.