When a family member and/or loved one dies, this is obviously a very difficult time for everyone involved. Besides the obvious emotional pain, individuals also have to deal with the division and distribution of the estate. Family members and friends, who were once close, may begin to fight for their portion of the estate. The will may be contested and the process can drag online. The purpose of probate law is to distribute the decedent’s estate amongst their heirs and also to ensure that their creditors are paid. In the majority of cases, it is necessary to work with an attorney that is well versed in probate law. This is especially true in cases where the estate is rather large and complicated.
In Pennsylvania as in most states, the validity of the will must be established. Once this is done, a petition must be made for an individual to take charge of the estate. This person is known as the administrator, executor or the personal representative. In Pennsylvania, when a person has been designated in a will, they are known as the executor of the will. If there is no will then the court will appoint an individual to manage the estate and they are known as the administrator.
The executor and administrator have legal responsibilities to the estate. They must advertise it, contact individuals who may have inheritance rights as heirs of the estate, inventory the estate assets and notify creditors.
Pennsylvania has statutes which govern all of these actions and they provide timelines for when they must be completed. The process can either be very simple and straightforward or it can be complicated. Generally, the larger the estate is, the more complicated things can be because there may be issues concerning contesting of will, state and inheritance taxes, which may make it necessary to hire an attorney. Smaller states are generally easier to handle because there is less property to split up, assets to divide and there are likely few beneficiaries.
A cash advance inheritance is a really good option for persons that want the money that they would receive from their inheritance right away. Most lenders will be able to provide you with funds in as little as a week. This can be a life saver for persons counting on the money from the estate. Instead of having to wait months, at minimum or years to receive money which is rightfully theirs through inheritance, they can have it in a few short days. When considering lenders, make sure that you only work with companies that have a good reputation in the industry and who offer terms that you are comfortable with.
Probate Resources- Pennsylvania
Inheritance Taxes- Pennsylvania
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