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Inheritance: You can't get it all now

By David Austin and Barry Goldberg

Even if you wanted to... But you can get part of it now.

Some of my readers are lawyers.  They now that this process can take some time. 

What Process?  The process of moving an inheritance through the probate system.  I just read an article today about a lady who was trying to claim part of the Jell-O estate.  She did not win, but that process probably tied up the estate while everyone waited for the court to rule (and the appeal).

If you were a listed heir you might have been able to use an Inheritance advance to access part of your inheritance earlier while you waited for the court to rule and then release the funds. 

What you can do is sell a portion of the estate now.  That provides you with some of the money that is coming to you.  You cannot sell the entire inheritance.  The company to whom you sell partial estate, then waits for the court to rule or the probate process to complete.  That company also takes on teh risk that something with the estate goes wrong or that it takes longer for is to complete.

Full post as published by Cash Flow Solutions Blog on March 17, 2008 (boomark / email).