
What to expect in terms of processing time.

Unfortunately, the probate process is a very unpredictable legal procedure.
Thus, the timeline for a particular estate to go through the probate process is
difficult to ascertain. The timeline depends on several factors. For example,
the length of the probate process depends on how large the decedent's estate
is, how complicated the estate is, whether the decedent left his papers, debts
and obligations in order, how many proposed heirs there are, and if the will is
contested or uncontested. Other factors may include tax complications,
non-probate lawsuits, and probate procedural requirements. Remember that Procedural
requirements regarding probate vary by state. Additionally, the majority of
courts have local court rules. It is a good idea, if you are anticipating being
involved in or you are already involved in a Probate matter to research Probate
law and various probate attorneys. Researching probate will facilitate an
understanding of various state requirements, local court rules, and key probate
terms. In turn, this will help you understand what is involved for the probate
process. Another benefit of researching probate law and contacting a probate
attorney regarding the process details of probate is that you will be able to
determine a timeline tailored to the specific circumstances of your probate
matter.
Understanding the Inheritance Process
To understand why the probate process can take so long to complete, one
should understand the fundamentals of the probate timeline. The probate process
begins after someone dies. The person who died (the decedent) may have died
testate (with a will) or intestate (without a will). Despite the existence of a
will or not, the decedent's assets, including his or her personal property and
real property, must be transferred to someone else. If the person dies with a
valid will, all assets (referred to as the estate) will be transferred to the
person or persons designated in the will. If the person dies without a will or
the probate court determines the will to be invalid, the estate will be
transferred according to state law. State laws vary regarding estate
distribution.
Before a decedent's estate can be distributed, whether according to a will
or according to state law, all of the decedent's assets must be allocated,
accounted for, and inventoried. Additionally, all debts, fees, taxes, and other
monetary obligations must be settled. This can add several months in itself to
the inheritance timeline depending on the size of the estate and the number of
varying assets. Furthermore, any and all probate related disputes and
non-probate lawsuits must be completed before the inheritance process can
proceed.
Easing the Strain of the Probate Process
Considering all of the above, the probate timeline often lasts an entire
year for even simple estates. Inheritance timeline estimates need to take into
consideration contested wills, other potential lawsuits, and other
time-consuming complications. Often times, probate can take several months to
several years. In rare and extremely complicated cases, probate can even take
decades to distribute inheritance assets. Meanwhile, heirs waiting to receive
their inheritance can be financially depleted while waiting even though the
inheritance rightfully belongs to them. An inheritance advance from Inheritance
Funding Company can be a perfect solution to this problem. Cash advances can
support individuals going through the process of probate so while waiting for
their inheritance to distribute, they are not in financial turmoil.
Check out our Probate Timeline chart below. The time
estimates will not apply in every situation since specifics of the probate process
differ with every estate. However, the timeline can act as a reference tool for
approximating how long your probate process may take and how long it may be
until you can access your inheritance. If you are currently involved in
Probate, by reviewing the timeline below, you may be able to identify which
stage of the probate process you are in. Whether you are currently involved in
probate or you anticipate being involved in probate, this timeline can give you
an idea of just how much money you may need in order to withstand the entire
probate and how much money you would like to receive from IFC from an
inheritance advance in less than a week.Probate Process Timeline (24 month period)
