You know, when you inherit a house, you hear that it has to go through probate. You start thinking about how much you will inherit, what you can do with that money, and you ask, “How long does probate take?”
A typical probate process will take up to 24 months from the date of the decedent’s death. However, in cases of contested issues or lawsuits, the process may take up to several years, or even decades, to settle the issues and conclude probate.
The Boyum Law Firm writes that “In Nebraska, County courts (vs. city or district) handle a vast majority of probate cases. The laws of Nebraska govern the probate process, which can be lengthy for several reasons. First, there are waiting periods built into the regulations. For instance, after you open a probate case, you have to wait three months for creditors to come forward. Secondly, estates tend to be complicated by hard to value assets, hard to find assets, finding assets of a person who has passed away, or disagreements between beneficiaries. These types of issues can add a great deal of time to the process.
In general, a probate case will take between six to nine months to complete.
Some issues that slow the process down:
Nolo Law for All says, “Probate is a legal process that takes place after someone dies. It includes:
Quoting Nolo Law for All: Not all assets are subject to probate. Some kinds of assets transfer automatically at the death of an owner with no probate required. The most common types of assets that pass without probate are:
If the house in question is part of those assets that are not subject to probate, the heirs the house can sell quickly. It happens all the time. If the house is subject to probate, the heirs may still quickly dispose of the property when the court appoints an executor. Choices for disposal of the property includes using a realtor with an MLS listing, heirs selling the property themselves, or using a real estate investor like Styl Properties, Inc.
As investors, we are in business to make a modest profit on any deal. However, we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. We offer the simple truth about your home and how we can help you sell it fast.
Give us a ring. We would love to help you understand the process and to answer all of your questions. You can reach us at 402 999.0577.