Five Facts You Need to Know About Getting a Probate Loan
On occasion, your inheritance tax will be due before you actually receive your inheritance. So, how can you possibly pay for something you do no have yet? This is where probate loans come into play.
1. What is a probate loan?
Probate actually means “prove the will,” and a probate loan involves heirs to that will. A probate loan provides cash to heirs of probate estates immediately, as well as to the heirs of the trust awaiting their money. This money comes from the will of the deceased owner.
2. What happens during the process?
It is up to executors of the will to distribute the assets. The probate process varies in length, often because executors must also take the rights of the creditors into Read More