Frequently Asked Questions

1. What is inheritance funding?

Inheritance funding is a service that allows heirs to access a portion of their inheritance before the estate is fully settled, usually in the form of a cash advance.

2. What’s the difference between an inheritance loan and an inheritance advance?

• Inheritance loan: A loan that you must repay with interest. You are personally liable for the loan, meaning you must repay it even if the estate takes longer to settle or you receive less than expected.
• Inheritance advance: A cash advance where the funding company is paid directly from the estate when it is settled. You are typically not personally liable beyond the inheritance amount.

3. Who is eligible for inheritance funding?

Heirs who are due to receive assets from an estate, such as cash, property, or other valuables, may be eligible. The size of the estate and the time expected for settlement often affect eligibility.

4. How does inheritance funding work?

Inheritance funding typically works by providing you with funds based on the amount you are due to inherit from an estate. The funding company will charge fees or interest, and they will be repaid directly from the estate when it is eventually settled.

5. How much can I receive from inheritance funding?

The amount you can receive depends on the size of the inheritance and the policies of the funding company. In most cases, heirs can receive 20-40% of their expected inheritance.

6. How long does it take to get inheritance funding?

We can usually send you your money within a few days if the required documentation can be provided and verified. In some cases, Probate Advance can fund you within 24 hours.

7. What documents are required for inheritance funding?

• Copy of the will or trust
• Death certificate
• Court documents verifying probate status
• Information about the assets in the estate
• Your identification and proof of inheritance

8. Is inheritance funding expensive?

The costs can vary depending on the funding company, but typically inheritance funding involves fees or a discount off the total amount of your inheritance. Rates may range from 10% to 40% depending on the risk involved and the time needed for the estate to settle.

9. Will inheritance funding affect my probate case?

No, inheritance funding is separate from the probate process. However, the funding company will usually need to communicate with the executor or estate lawyer to understand the status of the estate and expected payout.

10. What happens if the estate doesn’t pay as expected?

If the estate is worth less than initially anticipated, the funding company may lose money, but in the case of an advance, the heir is typically not responsible for paying back any and of the funding dollars.

11. Can I get an inheritance advance if the estate is still in probate?

Yes, inheritance funding is specifically designed for heirs whose inheritance is tied up in probate, as probate can take months or even years to resolve.

12. Is my credit score important for inheritance funding?

In most cases, your credit score is not a factor because the funding company is repaid from the estate, not from you personally.

13. What are the risks of inheritance funding?

The main risks include receiving less than the full inheritance because of the fees or advance amounts. Additionally, if there are delays in the probate process, you might not receive your remaining inheritance for some time.

14. Can I get inheritance funding if there is a dispute over the will?

It may be difficult to receive inheritance funding if there are legal disputes over the will or the estate, as this increases uncertainty about how much you will receive.

15. What happens if the estate takes longer than expected to settle?

In the case of an inheritance loan or advance, you may still be responsible for repaying the loan on time. In the case of an advance, you generally do not have to worry about timing as the funding company takes the risk.

For more details or to apply, simply complete our no-obligation online application or reach out to us at 855-620-0659.