Sell Beneficial Interest In Florida Estate to Get Cash Now

Reasons for Selling The Beneficial Interest:

• Need for liquidity: Get the cash you need now, rather than the estate’s distribution timeline allows, you may consider selling your interest.
• Prolonged estate settlement: Probate administration can be a lengthy process. Selling your interest in the Florida estate can provide immediate financial relief while waiting for the estate to settle.
• Estate disputes: If there are disagreements among beneficiaries or delays in the estate administration process, selling your interest can provide a way to exit the situation.

Options To Inheritance Cashout In Florida 

1. Sell Beneficial Interest Estate to Get Cash Now –
In Florida, selling a beneficial interest in a land trust involves a private transaction, unlike selling the Florida property itself, which requires public recording. The beneficiary can assign their interest to a new owner without needing a deed or filing in the public record.  This method allows for easy transfer of beneficial interest. In Florida, if a home is not in a trust, the beneficiary’s interest in that home can be sold, but it involves a transfer of the beneficial interest, which is a different process than selling a home that is directly owned by the beneficiary. If a beneficiary wishes to sell their beneficial interest in an estate when the home is not in a trust, they can do so by privately assigning their interest. This is separate from selling the physical property, which would involve the trustee (if applicable) or the personal representative of the estate.

2. Inheritance Cash Advance –
Inheritance cash advance, also known as a probate cash advance, allows you to access assign a portion of your inheritance or interest in the estate before the Florida probate is complete. Probate cash advances are essentially cash advances based on an inheritance claim, provided by a third-party Florida investor. You don’t repay the cash advance until the probate is complete. The repayment is typically a one-time fee, or a fixed amount based on the inheritance, with cash credits given back for early repayment. Read More

3. FHA Mortgage Refinance After Probate –
Probate must have been settled or completed, FHA cash-out refinance. A Borrower is NOT required to occupy the property for a minimum period before applying for a cash-out refinance, provided the Borrower has not treated the subject property as an Investment Property at any point since inheritance of the property. If the Borrower rents the property following inheritance, the Borrower is NOT eligible for cash-out refinance until the Borrower has occupied the property as a Principal Residence for at least 12 months. Read More

Sell Beneficial Interest Locations: