Most of the time when I write about probate investing it is to show you ways to make money working with these folks that have the responsibility of settling the estate. Probate investing is a very lucrative niche. These folks are often some of the most motivated sellers on the planet, because they have just inherited a property they don’t want. They just want the cash that’s sitting in the house. More often than not, the property needs a lot of updating. It may also need a lot of costly repairs which is something they just don’t want to spend their time or hard earned cash on.
Did you ever wonder why not everyone’s estate ends up in probate? It’s because those folks took steps to avoid the probate process.
The vast majority of folks will have their estates end up probate at the end of their life. But it doesn’t have to be that way. You just have to follow some simple and effective strategies so that all or at least some of your property and cash goes directly to your heirs.
There are a number of ways to avoid probate, but here are 5 of the most common ways. Read the rest of this entry →