Category: Inherited real estate

Probate and Real Estate

Becoming the owner of inherited real estate is not a happy way to acquire property. If someone has left you real estate in a will, you were probably close to the recently deceased owner. The grief of losing a loved one is enough to have on your mind. The new and sudden ownership and possible sale of inherited real estate can add a great deal of stress to an already difficult situation.

Property that is left behind by a deceased owner is distributed according to probate laws. Laws for probate real estate vary from state to state. If the deceased owner has left a will, the property is usually distributed according to what is in the will. When there is no will, state laws dictate what will happen to the property left behind by the deceased owner.

Inheriting property is usually unexpected. Many people can not afford to take on the added expense of their recently inherited real estate. There can be mortgages and other bills to pay, repairs that need to be made, and general maintenance and upkeep of the home and grounds. For people who find themselves with property that was willed to them by a deceased owner, there are all kinds of expenses that they probably have not planned for.

For those who have inherited property that is in probate, and are in need of money, help is available. Inheritance advance loans can provide anywhere from 5,000 to 250,000 quickly. The money is usually available in five to seven business days. Heirs do not have to make monthly payments to repay an inheritance advance. The loan is repaid directly from the estate upon distribution.