[WSBAPT] Probate advance assignment of heir's interest

[Timothy Lehr]

All,

In a probate I have, I received a letter from a Probate Advance company out of Delaware that has apparently entered into an agreement with a beneficiary of the estate to advance them funds in return for an assignment of the beneficiary's interest in the estate. I couldn't get a hold of the beneficiary to discuss, and we weren't ready for distributions, so I basically sat on it. Now, distributions will be occurring soon and the company has filed an Assignment, Sale and Transfer of Beneficial Interest in the case, that looks to be signed by the beneficiary.

Has anyone delt with these companies before? It's my first time seeing this, so I was a little skeptical, but now I need to decide how to proceed.

Thanks,

Timothy C. Lehr
Attorney at Law

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p:   360.855.0131
e:   timothy at stileslaw.com<mailto:timothy at stileslaw.com>
w:  www.stileslaw.com<http://www.stileslaw.com/>

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