The death toll for the coronavirus continues to rise, and with it, the number of people who need to go through probate. With so many deaths from this virus, are probate courts backed up? Are there any other complications that arise as a result of this virus? How can heirs or beneficiaries cut down on time spent in court without sacrificing their rights and assets? This post will answer those questions.
As we continue to learn more about the coronavirus, it’s important to understand unforeseen effects that have occurred as a result. Not only have deaths increased but the courts have gone remote which has slowed down the completion of different matters, including probate.
Will Probate Court Delays affect your inheritance?
The time it will take for you to get through probate and receive your money depends on a lot of factors. Losing a loved one can be difficult but it can be more troublesome if you are waiting to receive funds that you need to live on. If this is the case, there are lots of different factors to consider. For instance, the amount of beneficiaries in probate and the amount of assets as well as the state you are located in can cause a great effect on the time it takes for your probate to make it through the court process. If you aren’t able to wait, a probate loan program might be a good option for you.
The Probate Process Can Be Long But That Doesn’t Necessarily Mean You Have To Wait For Your Money
Avoid lengthy delays by being fully aware before you start or get a loan to speed the proceedings up. Probate is often an easy way for families in need to receive money from their loved one’s estate, but it isn’t always smooth-sailing! Family members may come into conflict over what should happen with property left behind; there are also many steps that must be taken throughout this process which might take quite some time depending on how complicated your situation becomes and whether any appeals have been filed concerning decisions made during the course of court hearings (which could result in additional setbacks). One other potential source of frustration could arise if all family members don’t agree about who will serve as executor.
- The Creditor Check Time Period
- Court Delay Due To the Pandemic
- High Attorney Fees
- Inheritance taxes
- Inheritance claims Or Litigation
- Location Of Your Executor or Personal Representative
You Have A Friend If Your Stuck In The Probate Process.
If you’re not sure what to do with your loved one’s estate and need money now, there are options. A probate advance or a probate loan can provide much-needed cash in the short term while waiting for inheritance distribution through the court system. Which type of financing option will work best for your situation? Just because you are in probate, doesn’t mean you have to suffer through the process to receive your inheritance cash.
