The Grieving Process: Assistance with Probates, Estate Sales and Medicaid
Losing a loved one is perhaps the most stressful time of someone’s life. Long Island Cash for Homes is sympathetic to your loss, we want you to know that we can ease your burden during your grieving process. We can assist with some of the stressors during your time of need so you can focus on your grief. Many times, family members are not prepared for the loss of a loved one. Many families are faced with legal problems when real estate is involved after the loss of a loved one. Facing the lawyers, real estate issues and bills can be an overwhelming task and leaves you with less time to deal with your grief.
Probates and Estate Sales
We have experience with probates. Probate is the legal process that takes place after someone dies and includes validating a deceased person’s will, identifying and inventorying the deceased person’s property, appraising the property, paying debts and taxes, and distributing the remaining property as the will directs. Probate involves time, paperwork, attorneys and fees.
Long Island Cash for Homes can be valuable during this process. Our goal is to educate heirs and beneficiaries who face tough decisions regarding estate sales after the death of a loved one.
An all cash purchase of the property is a potential solution. Selling the home through traditional routes can be time consuming, stressful and amounts additional costs. It avoids having to maintain a possibly vacant home or make repairs if necessary. It also avoids a burden if the home is located in another city or state. An all-cash purchase provides benefits to the grieving family.
You will not have to worry about the condition of the home. Those involved in the probate process will receive a fast cash price. There are no commissions, title fees, closing costs or other fees deducted from the proceeds and therefore more profit will go towards the estate. The family will be better able to move forward with their lives rather than remain tied up in a house that can sit for months or years. Please know, however, that there are sometimes instances in which an all cash offer may not be the best possible solution. We will work with you to determine what is the best solution for your situation.
Medicare and Medicaid
Many elderly homeowners are concerned that Medicaid may try to take their home after death. Medicaid must place a lien on a home for the amount paid out in nursing home care. The lien must be sanctified before the beneficiaries receive their proceeds. There are exceptions to the rule but if Medicaid does place a lien on a home that you are now an heir to, Long Island Cash for Homes can still continue to help you. We will work directly with your attorneys. I can help you with selling and paying off Medicaid from the proceeds.
If a house involved in the estate has open permits and other likewise issues with the town, that headache can be avoided as I will purchase the house with the open permits. After closing, I then move to close out all open permits and resolve any issues with the town. It is no longer your headache or anything you need to worry about during the grieving process.
As you can see, there are several headaches that can tie up selling a home after a loved one passes. Considering the sale of your home to a cash buyer like myself alleviates these headaches. It allows you the time to mourn the loss. Allow us to assist in alleviating these stressors during your grieving process. Contact us today and we can discuss the home and situation with you and we can describe how we can help you. Call Chris at 516 652-8678 or fill out a contact form.