Get an Inheritance Advance in Delaware, usually in 72 Hrs if you’re an Heir or Beneficiary of an Estate in Probate or Trust
June 28, 2019
Inheritance Funding: Getting Access to Inheritance Advance funds (frequently called Inheritance Loans by Illinois Heirs)
June 28, 2019

Inheritance Funding: Getting Access to Inheritance Advance funds – frequently called Inheritance Loans by Heirs in Idaho

Finding a way for you to get to your inheritance money quickly, in just a few days, when you’re an heir to a Delaware estate in probate, is exactly why inheritance funding, probate advance and inheritance advance services, were created as an inheritance cash advance solution to avoid waiting 12, 15, 18 months or more for probate to close, to gain access to your inheritance cash. An inheritance advance is a fast, easy and secure solution without any limitations on how you can spend your trust advance or probate cash advance. These trust and probate advance solutions empower heirs with access to inheritance cash right away. Why not get your inheritance now rather than waiting a year or two for probate to end. You don’t need a credit report or credit score, there is no invasive checking on your income or financial history, or employment status; there are never any hidden fees, there is no interest, and no monthly payments.

NOTE: If you are engaged in researching the Probate Advance or Inheritance Advance process, and are seriously motivated to learn more about the inner workings of Inheritance Funding, how a typical Inheritance Funding Company operates, or what Inheritance Lenders base their pricing models on, and so forth – you can search on Google with the following search terms, to find Websites that address these matters, as well as the Inheritance Advance Companies or Inheritance Cash Advance Companies that furnish the Inheritance Advances or, as many heirs call these Trust and Probate Advance services – inheritance loan advances, or inheritance loans and probate loans from Inheritance Advance or Inheritance Loan Companies.

Despite the fact that these financial advances are not loans, they are non-interest inheritance cash advances or inheritance cash advance assignments that do not require a credit report or credit score; also leaving you, the heir, free of any personal liability regarding payback of advanced inheritance funds – “loan” related search terms are also included in the below info search list, due to the popularity of these terms to acquire information on inheritance funding and the inheritance advance, estate advance and probate advance process, where heirs and beneficiaries are concerned:

Inheritance Advance Search Terms to Find Info Online for inheritance Funding

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inheritance lenders               inheritance funding company
probate lending                    inheritance cash
inheritance borrow                probate advance
probate loan                        inheritance advance
probate loans                       inheritance advances
heir loan                               inheritance cash out
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inheritance borrowing                heir advance

Probate in Delaware

Probate is the official way that an estate gets settled under the supervision of the court. A person, usually a surviving spouse or an adult child, is appointed by the court if there is no Will, or nominated by the deceased person's Will. Once appointed, this person, called an executor or Personal Representative, has the legal authority to gather and value the assets owned by the estate, to pay bills and taxes, and, ultimately, to distribute the assets to the heirs or beneficiaries.

The purpose of probate is to prevent fraud after someone's death. Imagine everyone stealing the castle after the Lord dies. It's a way to freeze the estate until a judge determines that the Will is valid, that all the relevant people have been notified, that all the property in the estate has been identified and appraised,  that the creditors have been paid and that all the taxes have been paid. Once all of that's been done, the court issues an Order distributing the property and the estate is closed.

Not all estates have to go through probate. If an estate dips beneath a certain threshold, it is considered a "small estate" and needs no court supervision to be settled. Moreover, not all assets are subject to probate. Some assets transfer automatically to a beneficiary, when a person passes away, thus no probate is required for those specific assets.

The most common methods of avoiding passing assets through probate are:

  1. Joint Tenancy assets: when one joint tenant dies, the surviving joint tenant becomes the sole owner of that asset, without the need for a court order, called "right of survivorship."
  2. Tenancy by the Entirety or Community Property With Right of Survivorship: forms of property ownership that function like joint tenancy, in that the survivor owns the entire property at the death of the other tenant, but only available to married couples.
  3. Beneficiary Designations: retirement accounts and life insurance policies have named beneficiaries. Upon the death of the account or policy owner, these beneficiaries are entitled to the assets in the account or the proceeds of the policy.
  4. Payable on Death Accounts/Transfer on Death Accounts: bank and brokerage accounts can have designated beneficiaries, too. The account owner can fill out forms to designate who should receive the account assets after their death.

If a decedent had created a Living Trust to hold large assets, that estate won't go through probate, unless the assets left outside of the trust add up to more than Delaware's small estate limit. Which why Living Trusts were created. Estates in Delaware that exceed the small estate's threshold, and for which there is either no will, or a will (but not a Living Trust), probate will be required before an estate can be transferred to the decedent's heirs or beneficiaries.

The following is what is required to settle an estate in probate based in Delaware:

  1. The Will must be filed in the county where the decedent died with Register of Wills.
  2. The Will must be filed within 10 days of the death.
  3. The person in charge of the estate must make an appointment to appear at the Register of Wills to initiate the probate.  If there is no Will, the Court will appoint someone to serve as the Personal Representative of the estate.  Notice must be given to all heirs and beneficiaries, as required by the court.
  4. Once the Petition for Probate is filed, a notice must be published in a newspaper where the decedent lived. This is to notify potential creditors of the proceeding.
  5. The Court will issue "Letters Testamentary" to the executor/Personal Representative -- this gives the executor legal authority to act on behalf of the estate.
  6. An Account of the estate's assets must be filed with the court within one year of the beginning of the probate and annually after that until the estate is closed.
  7. Once all of the creditors and taxes have been paid, the executor must appear at the Register of Wills and show proof that all debts and taxes have been paid, and pay a "closure fee" of 1.75% of the "net personal estate"--which is the probate's assets minus real estate and approved expenses.
  8. In Delaware, creditors have 8 months from the date of death of file valid claims against the estate.

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