The Great Probate R.I.P-Off
I have commented before on Ambulance Chasing, where as you would generally expect greedy Solicitor/Lawyers are at the head of the queue, but it would seem along with the banks that they will stoop to the lowest of the low when it comes to grieving families and Probate.
Chasing after responsible parties of injured people, in the all too familiar world of American-Style personal injury work is one thing, especially as the injured party is fully aware of what they are trying to achieve.BUT and this is a BIG BUT When you are the appointed executor of an estate or a beneficiary who is just about coping with the grief of losing a loved one, it is an unconscionable act to prey on this vulnerability like some legal parishioners in the UK specializing in the probate process seem to do these days.
As I am always being asked about how to approach probate properties and the clear sensitivity that exists with this kind of Property investment, it seems to make sense to clear up a couple of items that I know will be on someones mind if it is not on yours.
Firstly WE as the Investor , are there for one purpose and one purpose ONLY and that is to act as a problem solver to the estate, NOT to join the queue of vultures that seem to appear, whenever someone passes away.
Generally in every process there will be a legal appointment for the Probating of the estate and although as the investor we generally do not want to deal with the appointed solicitor per se, it is important you know their role in the process.
Secondly, because we are there to help resolve a huge financial burden for the estate, we are generally seen by the estate as a real benefit, especially if it means a speedier resolution to a process that the legal and financial world are happy to drag out, because as with most things and never MORE so heretime equals BIG MONEY!
Again this is another reason why we can achieve hugely rewarding results, when this problem solving approach is undertaken properly and sensitively.