Kansas Inheritance Loans and Probate Advance Law
Dec 18 2018Probate is the process where the will for a deceased person is completed and the property distributed in accordance with their wishes. Each state makes its own statutes or codes for probate. These statutes detail what property must go through probate, how long the person has to file probate and what signatures and documentation are necessary.
What are the Probate Laws in Kansas?The laws for probate in Kansas are fairly straightforward. For property that does not need to go through probate, a simple affidavit will allow the property to be transferred to the beneficiary. These are known as small estates and probate can be bypassed completely. If you are the executor of an estate, you may need the assistance of a Kansas probate attorney who can help you determine if your situation allows you to bypass probate. If not, they can help you file paperwork at the right time and meet other deadlines and complete documentation. An attorney will ensure the rights of the heirs are protected and that probate is handled in a timely manner. Because they are up to date on current laws, an attorney can ensure the statutes are followed and the property distributed correctly.
What is the Probate Process in Kansas?Probate is a process with multiple steps that are similar through all states. However, each state has its own timelines and other details that are specific to the situation.
- A petition is filed with the court for an executor or administrator along with the will. This step must be done even if probate is not necessary in case it should be required at a later time.
- Notice of probate is provided to all interested parties. They have a limited time to contest the will.
- The executor must collect the assets of the estate and determine their value as part of the inventory process.
- The executor must file the final income tax return and pay any amount owed. They will also pay any final expenses of the deceased person.
- Notice of probate must be filed for three weeks in the local newspaper. Creditors then have four months to contest the will or submit a request for payment.
- Once the time for creditors to submit bills or requests for payment has passed, the case will be closed with instructions for disbursement of the estate. If required, a Journal Entry of Final Settlement may be submitted to the court to show how the estate is being disbursed.
What Property Will Go Through Probate in Kansas?All property is not required to go through probate in Kansas. In fact, the most property will not need to be probated as long as a beneficiary is named. A living trust will prevent the need for this process. All accounts jointly owned with a surviving owner will automatically transfer to the second owner. Accounts that have a payable upon death designation with a named beneficiary will not need to go through probate either. In Kansas, small estates that are not contested do not need to be probated. A small estate is one that has less than $25,000 in valued assets.
How Can You Avoid Probate in Kansas?It is possible to avoid the probate process in Kansas if you plan ahead. It is a good idea to try to prevent the need for probate by creating a living will for the estate. Probate is costly in terms of both money and time. There are several fees in association with this process, and if the estate does not have the money to pay them, the executor may be responsible. The process for probate may also take a long time. It can be months or even years before the estate can be closed, especially if someone contests the will. A living trust prevents these issues.
How Can You Access Kansas Inheritance Funds Immediately?You may be able to access your Kansas inheritance funds right away without waiting for an estate to be closed. In fact, some heirs will qualify to get access to the funds within just a few days. It is quite simple and straightforward to receive a probate advance. All information provided is kept secure, and there are no restrictions on what you can do with the money. ProbateAdvance enables you to have the option of getting the money from your inheritance now instead of waiting for several months or even years. You will have no hidden fees or charges and no interest with ProbateAdvance. You do not need to make monthly payments, and you do not need to have a perfect credit history. Instead of waiting for probate to be closed, you may have your money in as little as two days.
Do You Qualify for an Inheritance Cash Advance?It does not take long to find out if you qualify for a probate cash advance. You most likely will qualify for it if you are the heir to an inheritance. You may be able to access your money in just 48 hours. Use this money to buy a vehicle or other items you need, make repairs or improvements to your home or pay off debt. It is yours to do with as you wish and you can have it in just two days.
What Do You Need for a Probate Advance in Kansas?To qualify for a probate advance in Kansas, you will need to provide documentation that proves you are an heir or beneficiary. You must also decide how much of the inheritance you want to receive now. The money will be transferred into your bank account in as little as two days if you qualify.
What Areas of Kansas Qualify for an Inheritance Loan?We provide inheritance loans for heirs in all parts of Kansas, which includes the following cities:
- Overland Park
- Kansas City