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Updated over 9 years ago on . Most recent reply
Heirs Can't or Don't Want to Pay Probate Costs
An associate approached me with a lead that I would like to purchase within my IRA. He has never done a wholesale deal and wanted me to walk him through it. He has a personal friend whose mother passed and the only thing that the estate owns is the mother's former home. There are two heirs (one is a commercial Realtor) and they both claim that they don't have or want to pay the cost to probate the estate. I told my associate to find out if a will was in place and its whereabouts. He said that the heir that handled all of the mother's financial affairs, claims that her mother had no debt when she died. I told him to inquire again. I have successfully done two deals involving estates but never one where the buyer would be expected to pay the probate costs. Any suggestions?
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"Everybody want to go to Heaven, but no one wants to die to get there."
So, how DO they expect to monetize their inheritance otherwise?