What are My Responsibilities as a Beneficiary of an Estate:
Once a probate case is filed in court to determine how estate assets are eventually distributed to beneficiaries, creditors, if any, and repayment of expenses, it’s important to know the responsibilities of all participants, regardless of whether anyone receives an inheritance advance. Who are the players in a probate case?
Usually a lawyer with probate experience represents the estate by filing a petition in probate court notifying interested parties that the decedent passed away. The probate lawyer works with the person who is asking the court to be the personal representative or executor of the estate. That person is asking to be the person to whom the court grants the legal authority to act on behalf of the estate, including searching for estate assets, estate creditors, and possibly other beneficiaries of the estate. Once the personal representative is appointed, that person will work closely with the probate lawyer to ensure the probate case moves efficiently so beneficiaries can receive their inheritance.
Even in an efficiently moving probate case, things move slowly. It’s a court case, after all, and rarely do court cases move quickly. It takes time to even schedule important dates with the Judge to give interested parties an opportunity to agree or not agree (object) to what the probate case is asking the court to do with respect to the estate assets.
If you are a beneficiary of the estate, things can be even more frustrating because you may not have the information from the personal representative or probate attorney to even know what is going on with the probate case. As a beneficiary, you have a responsibility to look out for yourself even if you are not receiving good communication from anyone. What should you do to protect yourself during this process? First, it’s important to understand your own needs as you wait for your inheritance. Do you need your inheritance to help make financial ends meet? Do you have goals that require money before the probate case will close? Is the personal representative returning your calls? Is the probate attorney returning your calls? Or perhaps you have no financial needs and do not need your inheritance quickly, if at all.
If not the latter, you should call ProbateCash as soon as possible to explore your options and get some answers. ProbateCash understands your situation because we deal with beneficiaries who are waiting for their inheritance tied up in the probate court every day. Many of the beneficiaries, just like you, are confused, need money, and are even angry because they feel helpless during the probate process. The people at ProbateCash can ease many of the problems you are facing while waiting for your inheritance. First, do you need an inheritance advance because your financial needs will not wait for the probate case to finish? If yes, call ProbateCash now to explore an inheritance advance.
The experts at ProbateCash will talk with you while understanding your frustration and needs. ProbateCash will quickly review the probate case. All you need to do is tell us the name of the person who passed away and what county and state they lived in when they passed away. ProbateCash will then do what it does best. ProbateCash will find and review the probate case and then tell you the information you have not received from the personal representative or probate attorney. ProbateCash will first identify the very important details, such as confirming you are a beneficiary and determining how much of an inheritance you are expected to eventually receive. ProbateCash can also tell you what risks may still be out there, such as claims against the estate by creditors or other people who claim to be beneficiaries or, even worse, claim you are not a beneficiary.
Next, ProbateCash understands you probably need money now. By now, ProbateCash knows NOW. Once you qualify for an inheritance advance, ProbateCash often pays that inheritance advance to you as early as the same day. Imagine having access to your inheritance many months before you would otherwise receive your inheritance at the end of the probate court process. With an inheritance advance from ProbateCash, you can move on with your life by having the money when you need it as opposed to when the probate court finally allows you to have your inheritance.
Moreover, ProbateCash almost never buys your entire inheritance. What that means is that no matter how much money of an inheritance advance you take from ProbateCash or how many inheritance advances you receive from ProbateCash, you will always be in a position to receive more of your inheritance when the probate court finally ends. But how will you be able to know when the probate case will end when the personal representative of the estate and the probate attorney will not talk with you? The experts at ProbateCash will keep you updated on the probate case. Because we work in the probate court system every day, ProbateCash understands how the probate case works and meanders through the court system. As a result, we can help you manage your own financial needs by telling you each step of the probate process and how long it might take to reach and pass each step.
Knowing the steps of the probate process is a responsibility that every beneficiary must take seriously. The probate process is not just a slow process, but it is necessary to identify whether there are other third parties, such as creditors, who are claiming to be entitled to estate assets, that will affect whether your inheritance will be compromised. That means that your inheritance is hardly ever guaranteed. Your inheritance is subject to many factors, such as creditor claims or challenges to your rights, even when you receive an inheritance. Creditors can include people, companies, or even government entities such as the IRS or Medicare. Anyone or any company has the legal right to receive estate assets if the decedent owed them money before passing away.
So, another huge benefit of taking an inheritance advance from ProbateCash is that an inheritance advance has no risk to you. If it turns out that these creditors successfully take your inheritance money, ProbateCash assumes that risk. What that means is that if you took an inheritance advance and the IRS took your inheritance because the decedent owed the IRS a whole bunch of money, you do not have to repay the inheritance advance to ProbateCash. Estate creditors and third parties who challenge your inheritance are ProbateCash’s problem. As long as you were honest with ProbateCash and did not tell us anything that you knew was untrue, you would be off the hook. Imagine receiving a loan or an inheritance advance and not having to pay it back if it turns out the money you really thought you would receive never made it to you through no fault of your own. That’s very much how it works when you take an inheritance advance from ProbateCash.
As a beneficiary to an estate that is in the probate process, it would be wonderful if the personal representative gave you weekly (or even monthly) updates about the probate case, any issues, and when and how much of an inheritance you can expect to receive. But that is often not the case. However, ProbateCash can do all of that for you by checking the probate case ourselves and telling you the status however often you want to know. ProbateCash knows that knowledge is incredibly valuable. As a beneficiary, knowing what is happening in your probate case is crucial so you can plan and live your life. Renting or buying a home, education, vacations, cars, medicine, and food all require money. Knowing when you will receive your inheritance is not just about receiving money; it is about planning life for you and your family. It is about peace of mind and not feeling so helpless. When you receive an inheritance advance from ProbateCash, you receive money, knowledge, and the ability to plan for your future.
Call the experts at ProbateCash to explore options to receive an inheritance advance and let us advance you money and give you back control to plan your future as it relates to when you finally receive your inheritance from the probate court.
To learn more about ProbateCash, you can check out my other blogs https://probatecash.com/why-get-an-inheritance-advance-from-probatecash/
