Probate Loans
Posted on February 18, 2008
Filed Under Money |
Probate is the legal process in which a will is reviewed to determine if it is valid and authentic. It can also refer to the general administering of a deceased person’s will or the estate of a deceased person without a will. An executor or an administrator is assigned by the court to administer the process of collecting the assets of the deceased, paying liabilities and distributing the assets of the estate to beneficiaries named in the will or determined as such by the executor. If the heirs are in need of cash, they can actually avail of cash advance probate loans.
Financial or loan companies offer probate loans from $5000 to $100,000. This cash advance is not really a loan with an interest rate. Instead, it is a flat fee assignment that is paid back when the inheritance is distributed among the heirs.
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