West Virginia Probate | Inheritance Advances in West Virginia
Inheritance Funding Company can help you bypass West Virginia’s probate process that ties up your loved one’s assets after they pass. Apply for an inheritance cash advance today.
West Virginia Probate Process
You deserve time to grieve a loved one who passed away and remember their positive impact. The amount of cold paperwork and official processes you’ll undergo in the coming weeks may catch you by surprise.
The probate process exists to ensure your loved one’s assets go to the correct heirs. It can become a complex, lengthy court process that could cause you to wait months or even years to see the money your loved one left for you.
During West Virginia’s probate process, a court appoints a personal representative to be in charge of the estate. The representative has 30 days to begin the probate process, which starts with taking inventory of all assets and monetary accounts. Then, the representative pays off outstanding debts and validates documents like wills and living trusts. Finally, when the court is satisfied that all other steps have been completed, they authorize the distribution of inheritance funds to the rightful heirs.
Is Probate Required in West Virginia?
Yes, West Virginia requires estates to undergo probate after the owner passes away. While assets listed in a will or living trust may bypass probate, West Virginia courts settle the rest, especially if there are disputes between family members.
How Do You Avoid Probate in West Virginia?
If your loved one was a West Virginia resident, their estate might be exempt from probate in a few situations.
Assets won’t need to go through probate if they are listed in a will or living trust. Additionally, West Virginia does not require probate for estates worth less than $100,000. Real estate assets do not count toward the $100,000 total. In this situation, a personal representative will file a legal affidavit after receiving notice from the state’s appointed executor. The personal representative must close the estate following similar procedures to the probate process, but the court will not intervene.
Another way to avoid probate is to apply for an inheritance cash advance with IFC. We’ll provide a lump sum in exchange for the rights to a portion of your inheritance, then complete the probate process so you don’t have to. You’ll receive your money immediately without stressful legal processes.
How Long Does Probate Take in West Virginia?
Your family will host ceremonies, give your loved one a final resting place and heal. Still, the outstanding probate process can keep you from feeling a sense of closure and lock your loved one’s assets in an unusable state. In West Virginia, probate often takes months to complete. It may be a full year or more before you receive your inheritance.
What Happens If Someone Dies Without a Will in West Virginia?
In West Virginia, if someone dies without a will, their assets go to the closest relatives. West Virginia has intestate succession laws that prioritize the distribution of assets. As a basic rule, when the person who passed leaves behind a spouse and children, the spouse will inherit half of the state, and their children will split the other half. Without descendants, the entire estate will go to the spouse or vice versa.
Does West Virginia Have an Inheritance or Estate Tax?
West Virginia does not charge an inheritance tax. However, a large estate may be subject to federal taxes.
Access Your Inheritance In West Virginia Immediately
With an inheritance advance from IFC, you can access the money your loved one meant for you to have right away. The process is fast and easy and you decide how much of your inheritance you’d like to receive immediately. Whether you have bills to pay, car payments to make, home improvements, vacation plans, etc. — the money is yours to use however you’d like. And unlike with a loan, your credit score won’t be affected.
Since 1992, IFC has helped heirs in West Virginia and beyond collect hundreds of millions through cash advances. Our probate experts will lend their knowledge and resources to connect you with your funds as soon as possible. Let our friendly staff give you a free, no-obligation consultation. We’re more than happy to walk you through the specifics of a West Virginia probate cash advance and answer all of your questions regarding the WV probate process. There are no hidden fees, no monthly payments, and credit and income are never an issue. There’s no need to wait years for what’s yours – get in touch and access your money right away.
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