When a parent dies and leaves his or her estate to children and other heirs, the estate assets must be equalized before any money or property can be distributed.
Managing probate estates can be problematic for many reasons, many of which are caused by lack of liquidity in the estate.
Trustees, executors, private fiduciaries, and estate and trust attorneys routinely encounter common problems when administering cash-poor trusts or probate estates after someone passes away.
If you are in need of a private loan, it’s helpful to understand the process to put your mind at ease. It’s not as scary or as involved as people may assume.