Your last surviving parent passed away, leaving you and your siblings with a house to deal with. Real estate property in an estate is often a complex matter, especially if all the heirs don’t agree on how to disperse of it. You may want to sell the property and one or more of your siblings may want to keep it. Having real property can drastically lengthen the probate time frame. It’s important to know what you can do and how to handle your share of the estate. Many times, you will need to go through probate to disperse all of the property of the decedent, including their home.
Probate is a lengthy process, which will require all the debt of the decedent to be paid before the estate can be settled. All estate finance issues must be resolved. Estate taxes and any federal tax must also be paid. Creditors must be notified and the entire process may need to go through court, depending on the state statutes. In some cases, there may not be enough money to pay the debts unless the house is sold. Assuming this is not the case, you may wonder how you can sell your part of the inheritance.
Can I Sell My Share of Inherited Property?
What Happens When You Sell a House You Inherited?
Can Family Members Force the Sale of My Inherited Property?
Can Majority Rule in Selling an Inherited Property?
If you need funds while waiting for your inheritance, you can get an inheritance cash loan to tide you over. Select the best inheritance funding company to safeguard your money and get the cash you need. With an inheritance advance, you can get the money now while you wait to disperse the assets after the sale of the property. Another option is loans for an heir which provides the money you need now, and you can make monthly payments until the estate is closed. If you borrow money from an inheritance loan, you can pay it off with a cash out refinance on inherited property through a traditional mortgage lender after the estate is settled.