2006-07-22 17:13:08 · 3 answers · asked by William I 1 in Business & Finance ➔ Investing
www.greenwaldlaw.com
2006-07-22 17:16:13 · answer #1 · answered by ladylaw_912 4 · 4⤊ 0⤋
Do you mean that you wish to profit from other people's probate problems?
The usual problem is lack of liquidity. In order to get cash to distrubute to heirs or to pay to the tax collector, the executor often has to sell things quickly, and is not in a position of strength in terms of bargaining power. Hence estate assets often sell at discounts. You can take advantage of this by having plenty of ready cash.
You need to decide what kinds of estate assets you might be interested in. One problem is that a very common estate asset is a house, and the housing bubble is getting a bit old. Don't sit on inventory in any case; flip it quickly.
Jewelry is another one. Unless you happen to be a jeweler this one probably isn't very practical.
Vehicles are probably yet another, but unless you happen to be a used car salesperson...
To seriously pursue this business, you would need to be reasonably competent at appraising the estate property.
2006-07-22 18:03:36 · answer #2 · answered by Atash 2 · 0⤊ 0⤋
i dont understand the quesdtions peobate is the process through which title to property is changed after the death of the property owner
2006-07-22 17:20:36 · answer #3 · answered by titanbooboo 3 · 0⤊ 0⤋