Idaho Inheritance Loans and Probate Advance Law
Dec 14 2018When you are the heir or a beneficiary of an estate, one of the biggest questions you may have is when your inheritance will be available to you. Many people want to know how to avoid probate in order to get their inheritance faster while others want to know how to complete the process as fast as possible. Typically, probate cannot be avoided without estate planning, but you still may be able to get your inheritance in as little as days instead of waiting an average of a year. Here, we aim to explore the options that may be available to you if you are involved in probate or looking for a way to skip probate altogether.
What Are Idaho Probate Laws?Idaho probate laws, like the probate laws in every state, are designed to make sure the wishes of the deceased are honored, that the rights of beneficiaries, heirs, and third parties are protected, and to ensure final taxes are paid. In short, probate protects the interests of those who are owed a debt by the deceased as well as those who will benefit from the estate. If you are preparing your estate or if you are an executor of a will an attorney who focuses on wills and estates may be able to help. An attorney is deeply familiar with the estate laws of Idaho and will know how you can plan your estate so that most of your property bypasses probate and goes straight to your heirs. The executor of a will has many tasks to manage, and they all come with deadlines. A probate attorney will be able to help you manage, inventory, and appraise the estate, help you complete all forms required by the court, and ensure that all required tasks are completed on time and in accordance with the law.
What is The Probate Process in Idaho?The probate process in Idaho follows the same basic steps as the process in other states. An executor must be assigned to manage the estate. The name of the executor is typically included in the will, but if no one is named, or if the owner of the estate died without a will, then the executor will be picked by the court though they may be called the personal representative of the deceased or the administrator of the estate. Every state has its own guidelines regarding the validity of a will. In Idaho, the will and the provisions therein must be determined valid for probate to proceed. If the will is valid, then all assets and property of the deceased must be identified, inventoried, and professionally appraised for value. The list of assets and their values is given to the probate court. All debts owed by the deceased as well as their final taxes must be paid in full. Debts are paid before any inheritance is passed on to beneficiaries or heirs. Sometimes, assets must be sold to cover these expenses. However, once the debts are paid, the rest of the estate is passed to the heirs. If the will explains how the estate is to be divided and distributed, the court will follow those indications; however, if there is no will, the court will decide how best to disburse the estate. At no time does the executor of the will have control over the assets and property of the estate. They simply manage the estate. They cannot sell or distribute any portion of the estate unless directed by the court.
What Property Will Go Through Probate in Idaho?Many people want to know what property will go through probate in Idaho. This is actually a common question no matter where probate is taking place. The fact is, most property and assets will have to go through probate in Idaho unless the deceased planned the estate and used living trusts and rights of survivorship to ensure that probate is not needed. Real estate, bank accounts, and other forms of property can be transferred automatically to beneficiaries if they have the correct designation. Estate planning is the best way to ensure that your estate goes directly to your heirs, without them having to wait for probate. If the person died without planning their estate, or if they did not have a will, then the estate will have to be probated.
How Can You Avoid Probate in Idaho?Most people want to know how to avoid probate in Idaho, especially once they learn that not only must they spend significant time waiting for probate to finish, they may also be stuck with costs and fees if the estate cannot pay them. Even simple probate procedures are time-consuming, and it’s typical for the process to take up to 12 months to complete, but there are instances where probate could take years to complete, including if the will is contested. To get around these delays, many people use living trusts to automatically transfer estate assets to beneficiaries upon the death of the estate owner. Probate is not required, and the owner of the property remains in control of their assets until they die or are no longer able to do so.
How Can You Access Idaho Inheritance Funds Immediately?There are ways to access Idaho inheritance funds immediately and bypass all the stress and strain of waiting for what’s rightfully yours. In fact, many heirs and beneficiaries are eligible to access their inheritance funds in as little as a few days. With Probate Advance, you have fast access to your inheritance funds and the process for getting it couldn’t be easier. Understand that when you get your inheritance money from Probate Advance, you don’t pay interests and fees because you are not getting a loan. There is no credit check, no repayment plans, and no rules on how your money is to be spent. All personal data and financial transactions are encrypted, safe, and secure. We give you the option of getting your inheritance money now instead of waiting for it to go through the lengthy probate process. And best of all, it only takes a moment to find out if you qualify for an inheritance advance.
Do You Qualify for an Inheritance Cash Advance?You can find out if you qualify for an inheritance cash advance by filling out our form with some basic information. If you expect to inherit at least $12,000, you may qualify for an inheritance advance. Those who qualify for an advance can have their funds in as little as 48 hours.
What Do You Need for a Probate Advance in Idaho?What you need for a probate advance in Idaho is just some simple, basic information. We need to know just a few things to confirm that you are a beneficiary of an estate and whether you want to receive your money by check or deposit. You choose how much of your inheritance you want now, and we take care of the rest. It’s really that easy. You can have your inheritance funds in as little as two days.
What Areas of Idaho Qualify for an Inheritance Loan?We offer inheritance loans in all cities in Idaho, including but not limited to:
- Idaho Falls