Why Delays Exist In The Probate Process
In the United States, the process of transferring the property, belongings, and wealth of an individual after death is called Probate. Each state oversees their respective Probate court proceedings and procedures can even vary county to county. The idea behind Probate is to fairly and accurately distribute the estate of the deceased according to their wishes and/or the law.
Unfortunately, because of all the rules and work involved throughout the probate process, it can take an extremely long time to distribute any of the money to the rightful heirs. Disputes among heirs can also add to distribution delays. Even in relatively simple estates, probate proceedings typically drag out for a year or more. In more complicated estates where real estate must be sold or there is no legal will, the process can take up to 3 years.
While probate continues to drag out, heirs are left waiting for their rightful inheritance to be distributed to them as their loved one had intended. Heirs have traditionally had no chance to use their inheritance during this time but with a probate advance the wait is cut from years to days. If you’re tired of waiting on distribution or just need some cash to help you during this long process, apply now for a free quote.
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