What Is The Probate Process In Alabama?
The Alabama Probate court system is made up of 68 separate courts, each with its own Probate judge. When a resident of Alabama dies, all of their possessions and assets must be accounted for and collected. Once the assets and possessions are put together as an estate, they are distributed either according to the decedent’s wishes (if known) or as fairly as possible under the law. This is the primary role of the Alabama Probate court.
Alabama does not use the Uniform Probate Code as many other states do. Fortunately for the heirs, there is no Alabama state inheritance tax nor is there an Alabama estate tax.
Delays To Your Inheritance In Alabama
Like every other state across the country, the Alabama probate process is long and complicated. Any number of common delays mean estates in Alabama take a year and a half, sometimes more, to distribute any money to the rightful heirs.
Unfortunately, if you are an heir in Alabama, there’s not much you can do to speed the process up. The Alabama probate code requires all estates worth more than about $25,000 (adjusts slightly every year) to go through the full formal probate process. This means, among other things, filing a petition to open probate with the court, completing the creditor’s claims period (90 days after notice is given in Alabama), pay any federal estate taxes, etc. Bottom line, the average heir in Alabama won’t be able to access their inheritance for at least a year.
Access Your Inheritance In Alabama Immediately
There’s no need for Alabama heirs to wait to receive their inheritance. With an inheritance advance from IFC, you can access your inheritance right away. Traditional lenders, i.e. banks, don’t lend money to heirs based on a future inheritance. Unfortunately, as you likely know all too well, while your inheritance is delayed, expenses keep adding up: tuition, home repairs, car payments, everyday living expenses, mortgage payments – the list goes on. We help heirs in Alabama and all over the country access their inheritance immediately to take care of these expenses and more.
With over 25 years specializing in inheritance cash advances, we’ve advanced over $180 million to thousands of heirs just like you. Let one of our fast and friendly Funding Officers walk you through the free and easy process. The consultation and quote are completely free and we are more than happy to answer any questions you may have about the probate process in Alabama. If you’re tired of waiting for your inheritance, give us a call today or fill out the simple form on the right side of this page.