MACADAMS INVESTMENTS provides liquidity for heirs and personal representatives involved in probate. We purchase real estate, personal property and inheritance from those working to settle personal estates. We pride ourselves in helping people with financial and emotionally stressful problems find easy solutions.
PROBATE
How Long Does It Take to Settle an Estate?
The entire probate process will differ from state too state and the size and complexity of the "estate." In some states, small estates may even avoid a formal probate; however the debts must still be paid. The minimum time an estate will likely be open is probably from six months to a year, often more depending on the complexity of the estate.
What is Involved in Settling an Estate?
Please go to the Executor page for a detailed description of the duties and liabilities of the personal representative.
- What personal property and real estate (if any) is owned by the deceased person
- Pays any taxes or debts that the deceased person may owe (including costs of doing probate), and
- Distribute all real and personal property which remains to the rightful beneficiaries
This property is said to be owned by the "estate" of the deceased person and must remain so until the judge or other court-appointed person says it may be distributed. However, it is often necessary to sell the property in order to satisfy the debts of the estate to close the probate.
If you have a property that you need to sell please contact us for immediate assistance 818-372-3733, E-mail:info@mildreddstewarthomes.com