When a loved one dies, the family suffers in more than one way. An inheritance advance is a sale or assignment of a portion of a beneficiaries inheritance to a funding company in exchange for immediate money. The funding company will wait for the probate matter to conclude in order to be paid from the probated estate while the beneficiary receives money right away to cover any needed expenses.
Many people use inheritance advance funds to pay for expenses like that of a funeral. Since most Americans live from one paycheck to the other, many families struggle when it comes to footing the expenses. If your loved one underwent medical treatment prior to passing on, there are probably medical bills to be sorted out as well.
We at Inheritance Advanced can help you get through this trying period.
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What Steps Do I Have to Take to Receive An Advance On My Inheritance?
Receiving an advance on your inheritance is pretty simple. The main things to understand are how large is your probate case, and how much money do you want. Beyond that, the most important thing you’ll have to think about is what you are going to do with the money. The money is yours and as such, you don’t require approval from a bank. You can receive the money as if it was being passed down, just without the wait for probate court case times.
How does An Inheritance Advance work?
People often regard inheritance advance as a type of loan. It’s a common mistake, but it’s far from the truth.
An Inheritance Advance isn’t a bank loan—it’s more like making a sale.
The gist of it is that you sell a part of your right to the property you’re about to inherit. In essence, we buy a part of your future property in advance, but give you the money now. For a full comparison, you can look at the difference between a probate loan vs inheritance cash advance as well as our recent article on probate advances for a full guide.
This means two things:
There is no debt you owe and no set date by which you have to return it.
We wait until the probate period is over, and then take the portion of your inheritance you sold us, and you get the rest.
There is no personal liability with an inheritance advance
Unlike with loans, you will never be personally liable for delays, reductions, complications, and everything else that goes with red tape. Once we’ve bought the rights to a portion of your estate, we’ll wait patiently until the probate period is over. Once it goes through, we’ll take the money directly from your inheritance.
Don't Wait for Probate
Reasons To Get An Inheritance Advance
- Get A Lot Of Money
- Depending on the amount of money you’re expected to acquire, you can get anywhere from $5,000 to $500,000 in advance on your inheritance.
- Get Money Immediately
- Probate processes take forever to end. In most cases, the process will last at least a year and a half. In some cases, it can stretch over five years. If you opt for Inheritance Advanced, you can get a part of your money in three business days.
- You Don’t Have to Rely On Your Credit.
- Not relying on your bank statements, credit scores, or employment status to get the money. We don’t need to know any of these things. Your eligibility depends on nothing but the property you’re supposed to inherit.
- Not having to worry about repaying. When you get an advance on your inheritance, you don’t have to worry about paying it back. Once the probate period is over, we take the part of your estate you sold to us, and you get the rest.
Get your money without fuss with Inheritance Advanced
You can have your money in about three business days, with next to no effort on your part. We want you to get through this period as smoothly as possible, so just say the word, and Inheritance Advanced will be there to give you a hand.