How to Get Your Inheritance
Loan/Advance Quickly

If you are waiting for an inheritance after a family member has died, you may worry about how long it will take before you receive your money, especially if you are in a tight financial situation. Settling a person’s estate can take months and delays can turn this timeline into years. Until then, you have options to help you out financially with an inheritance loan or advance. Before you apply for an inheritance loan, you should know how it works and both the advantages and disadvantages.

What is an Inheritance Loan?

An inheritance loan provides funds based on the amount of the expected inheritance. The lender is expecting to get the money back when your inheritance is distributed. However, some inheritance loans may require you to make monthly payments just like with any other loan. Interest accumulates until the balance is paid, whether you are making payments or the lender is waiting for the inheritance to be distributed.

Pros and Cons of an Inheritance Loan

The main benefit of an inheritance loan is that you get funds you need right away. You can use your inheritance loan to pay for the funeral or other expenses. It can cover a mortgage payment or rent.

The main disadvantage with an inheritance loan is the interest that adds up. If probate is delayed, you may pay more interest than you expected, which means you get less of your inheritance when it is distributed.

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Probate Advance is the ONLY Company that Funds Inheritance Advances in 1 Business Day

The standard probate process can take 12-24 months.

File Petition
for Probate
Hearing on
Letters of
Issue Bond
Notice to
Estate Taxes
Creditor Claims
File Petition
for Final Distribution
Hearing on

Ways to Access Inheritance Funding Sooner

It is possible to gain access to your inheritance funds even before probate has been completed. It’s important to understand how to sell your inheritance. You can apply for an inheritance loan, estate cash loan or inheritance advance. This entitles you to collect part of the money from your inheritance fast which maybe helpful until the court releases probate. Companies or an LLC that provide inheritance loans will distribute the funds to you in your bank account in a few days if you qualify. They often provide a free quote based upon initial information for a cash advance on inheritance funds.

You must fill out an application to determine how much you can receive with an heir advance. You can click on a site online, fax the application or call a phone number to talk to one of the experts and find out about eligibility to buyout your inheritance. It only takes a few minutes to complete the initial process. Once you are accepted for an inheritance loan, funding takes place to your bank account within a couple of days. The money may be yours to do with as you wish with no payments required until the estate is settled. At that point, the broker gets their money back with no cost to you.

How Inheritance Loans Can Help

An inheritance loan can help you with financial issues until the estate is settled. It is difficult to get a loan against your inheritance through traditional lenders. They don’t like to lend money when it’s not certain if you will receive your inheritance money or the timeline.

Even if you have real estate in the inheritance, it isn’t in your name. Many inheritances are lost during probate because of someone contesting the will. However, you may have expenses, especially if you are the administrator. You may wonder “When do you have to pay inheritance tax” on the estate. Paying IHT is just one reason why you may want to consider inheritance funding with a cash advance or inheritance loan. A loan can help you get by until probate court is finished.

You will need to find an inheritance loan company to lend you the money until you have your share of the estate. You will need to make monthly payments and pay an interest rate until you have access to inheritance funding to repay the loan. When you choose an inheritance loan, you can use the money any way you wish, whether you’re paying inheritance tax or paying off debt.

If the estate is in a trust, you may be eligible to get funds from the trust with an inheritance funding company. It will depend on how the trustee set up the trust. However, you may be limited on how much you can borrow or for what purpose the loan money can be used. An inheritance loan usually offers more flexibility.


Don't Wait For Probate

Know What options are Available

  • Inheritance Loan - like a traditional loan with monthly payments
  • Inheritance Advance - financier buys a portion of the inheritance, no liability for you
Man comparing inheritance loans and advances
Approval of inheritance loan document

How to Qualify for an Inheritance Cash Advance or Loan

  • Fill out an application with information about you and the inheritance
  • The lender will review the application and provide approval if accepted
  • Once you are accepted, you can receive the money within a few days

Documents You Need to Show for Inheritance Funding

  • Copy of the will
  • Official death certificate
  • Copy of letters of administration from the probate court
  • Certification of amount to receive in the estate from the personal representative
  • Proof of Identity
Compilation of inheritance loan documents
Money from inheritance loan

Cost of Inheritance Funding Two Options

  • Inheritance loan - Interest charged on amount borrowed, which adds up until balance is paid
  • Inheritance cash advance - Set fee charged, which may be based on the percentage of the inheritance.

Get the funding you need now
with an inheritance cash advance

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What You Should Know about Inheritance Loans

Not all advances for inheritances are the same. Some charge an interest rate and have specific requirements you must meet. This product is often termed estate loans, probate loans or broker loans and may use your inheritance as collateral. Others are not really a loan at all because you do not pay any interest on the money.

You will want to know how much of your inheritance you need to receive now. You may need the money to manage the estate assets or to pay or your living expenses. If you were a caregiver for the deceased, you may have even gotten into a tough financial situation during that time of care and need the funds now to help you get back on track. Make sure you find out about the requirements and details of the inheritance loan as well as any hidden fees before you are ready to select an advance company. You want to know what you are getting and the terms of the loan before you sign the paperwork and accept an offer.

Read the privacy policy, any disclosure paperwork and FAQs on the website, as well as testimonials from other clients to find out about the company. Beware of inheritance scams as you do your research. You can also make a phone call and ask questions before applying. You also want to know if the company can do business in your state. You will find advance companies from New Jersey to Ohio to Puerto Rico and many of them are licensed to provide advances in multiple states. This is especially important if you do not live in the state where probate is taking place.

ProbateAdvance offers advances instead of loans, which are better for the clients because there is no interest to pay. They are purchases of an allocated interest in the estate, which means the company must collect the money directly from the inheritance and not the customer.

What is the Probate Process?

Here is a look at how does the inheritance process work. Probate is the legal process of transferring the assets of the deceased to the chosen heirs or others who the court deems to be eligible to receive the inheritance. Someone involved with the estate, which is often the executor or trustees or even a lawyer for the estate, must file probate with the local court where the deceased person spent their life. This step officially begins the process of having probate opened.

Each state makes its own laws regarding how probate is to be conducted. Statutes are in place from Los Angeles, California to New York to Hawaii on how to handle the estate of those who have deceased. However, many of the details are similar. All assets must be recorded and valued once probate has started, debtors must be paid, any estate tax paid and heirs must receive the remaining funds based on a will or the ruling of the court.

How Do You Become Eligible for an Inheritance Loan?

Qualifying for an advance with your inheritance is usually not difficult. Each provider will have different requirements, but this service is generally easier than qualifying for personal loans or other types of financing. The main criteria to qualify for an inheritance loan is to prove that you are an inheritor to an estate. You may need to provide specific documents that show you will receive a certain amount of money. Some acceptable documents include the following:

You will also need to provide proof of your identity as the heir. Another distinction between lenders of advances for inheritances is how much they are willing to lend. It is often a percentage of the inherited amount and can be several thousands of dollars. For example, they may lend up to 50 or 60 percent of the amount you will receive. Some will offer more while others will have stricter limits for the customer.

What is the Cost of an Inheritance Loan?

You may be interested to know how much you will need to pay for the advance on your inheritance. This amount can vary based on each lender’s guidelines. Some charge a high-interest rate if they are actual lenders. Others will not charge any interest. Instead, they will charge a fee for providing the money upfront and covering their risk. If the terms of the advance include interest, you will need to discuss the total amount based on how long it will be before probate is completed and the inheritance funds released. In this situation, the cost is greater if it will longer before probate is settled.

The factors that determine the cost of the advance include the risk of the inheritance and any complications that may arise, what creditors are involved, what taxes will be due and how long it may take to close the estate. The lenders work with administrators, attorneys and others involved in the probate process as part of the evaluation to determine the answers to their questions and come up with a reasonable cost. Make sure you know about any hidden fees with the loan company before accepting any cash advances or loan offer.

Clients Are Saying

My experience with Probate Advance was extraordinary. The care and service exhibited was five star and if you are in search of a company that will expedite the funding process with detailed oriented service then look no further.
San Francisco, CA
Matt and Probate Advance were both professional and efficient with helping me receive an advance on my inheritance. Over the course of 19 months, legal fees started adding up, so I contacted Matt and he quickly and efficiently researched my case and provided the funds I needed. I cannot say enough good things about Matt and Probate Advance!
Atlanta, GA
I couldn’t believe how smoothly everything went with Probate Advance. They were able to send my money the same day that I applied. Thank you Probate Advance!!
Tampa, FL

Receive Money from a Probate Advance

Once your request is received, the lender will review the information in order to see if you qualify for a probate advance. If it is approved, you can get the money in your banking institution fast, in just two or three days. You are able to spend the money any way you want. You can use it to pay bills or long-term debt, pay off a mortgage, make a major purchase, finance a vacation or house remodeling or to buy a new car. There are no limits from the loan company on what you can do with the money once you receive it. You also do not have to worry about repayment of the loan. In most cases, the lender will receive the money from the inheritance once probate is closed. They will receive distribution off the top and you will receive what is left of your share of the inheritance. It also has no effect on the claim of other heirs.

Benefits of an Advance on an Inheritance

An advance on your inheritance can be beneficial in so many ways. First, you receive money now when you need it instead of waiting for several months or much longer to get the money you are owed. You will know when the funds arrive in the bank instead of wondering how long it will take for the estate to be settled.

Another benefit of these programs is you do not need to file the paperwork. The providers handle all these details so they receive payment once the funds are available. It is generally not needed to make any monthly payments on your advance to the company because it will be repaid when the estate is settled. The application process is generally a straightforward and easy matter to complete and submit. It does not require a specialist or a lot of resources on your finances, good credit or other criteria because the deciding factor is based on the amount of your inheritance. Approval is fast, unlike with many types of bank loans. You can contact the lender by phone or online if you have questions during the process.

Perhaps the greatest benefit for people is that these advances are known as non-recourse transactions. This means you have no liability to pay back the loan and the lender has no recourse against you. They are receiving their recourse from the inheritance. If something bad happens to the funds in the estate, you are not responsible. The lender suffers the loss. ProbateAdvance provides non-recourse advances. You don’t have to be concerned about repayment. Since it comes out of the inheritance, any issue with payment is a loss for the company and not the borrower’s responsibility. There will be no change in terms once the paperwork has been completed and signed. This means that if the probate process takes longer, the cost for the advance will not change.

If you have an inheritance coming but you’re not sure when you’ll receive the funds, you may prefer to look at an estate advance. First, find out how much you can expect to receive with a no-obligation quote online or by phone. Then, find out which companies offer advances on an inheritance in your area. Learn the details of what they offer so you can make an informed decision about who to work with and save money. Gather all your documents that will be necessary for approval. Once you fill out the application form and are approved, you will be given a contract to sign so you can receive your funds. Make sure you read the terms of your loan to ensure there are no surprises down the road. Get the answer to any questions you may have before you sign. After you sign the document, you wait until the funds are in your bank. This usually takes no more than one or two days, but some lenders may take a week to provide the funds.

Depending on the type of advance or loan you chose, you may not need to do anything until the estate is closed. This advance can give you the funds you need quickly and at a low cost so you do not have to wait for probate to be settled. It can give you peace of mind if money is tight because of the estate. It may also allow you to buy out other heirs for real property. Make sure you understand what an advance on an inheritance is and how it can benefit you today. Contact an advance company to request a quick no obligation quote and find the lowest cost option in just hours.

FAQs for Getting an Inheritance Loan/Advance Quickly

The interest rate on an inheritance loan will vary based on several factors. For instance, it will depend on how long it will be before the inheritance is released. The rate can vary from around 10% to as much as 40%, depending on how much risk the lender must bear.
You can use your inheritance as collateral for a loan. These loans are known as estate loans and may work like installment loans with you paying part of the principle back each month along with interest. In other cases, the lender may receive the entire amount funded along with interest once the inheritance has been distributed.
Most lenders won’t approve a home loan based on an inheritance you haven’t received yet. They don’t want to take the risk that your inheritance may change. On the other hand, sometimes you can get a loan on your inheritance to buy out another person’s portion of a joint property.
If you can get an inheritance loan based on the amount you will receive, you can use the money any way you want, including to buy a house. The lender of inheritance loans won’t ask how you plan to use the money. They only look at the amount of your inheritance and how much risk is involved.
An inheritance loan is like any loan in the fact that you must pay it back. You’ll generally make monthly payments until you receive your inheritance where you can pay the rest of the balance. An inheritance advance is a buyout of a portion of your inheritance. In essence, you’re selling part of your inheritance to the lender. Once the estate is distributed, the lender receives their portion before you’re paid. However, you don’t have to make any monthly payments on the amount you receive.
An inheritance advance is usually a set fee, included in the amount the lender will receive when the inheritance is distributed. An inheritance loan usually charges interest, just like with any other loan. The interest accrues until the balance is paid in full, which is normally when you receive the inheritance.
Lenders for inheritance loans and inheritance advances will usually approve a portion of the inheritance for funds you can receive now. How much of a percentage varies by lender. Some lenders will allow up to 60 or 70 percent of the inheritance as an advance while others have much stricter limits.
You are eligible if you’re the heir to an estate. Lenders may have other specific requirements you must meet. You’ll need to provide documentations that shows you as the heir and how much you will be receiving.
If you don’t receive an inheritance, you may or may not be required to pay back the loan or advance anyway. Inheritance advances are generally non-recourse loans, which means no liability for you. Inheritance loans vary, depending on how the lender wrote up the loan.


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By clicking ‘Submit’ and submitting my request, I confirm that I have read and agree to the privacy policy of this site and that I consent to receive emails, phone calls and/or text message offers and communications from Probate Advance, and its network and advocates at any telephone number or email address provided by me, including my wireless number, if provided. I understand there may be a charge by my wireless carrier for such communications. I understand that this authorization overrides any previous registrations on a federal or state Do Not Call registry. I understand that I can be removed from all communications by requesting my removal via an email to Accurate information is required for a free evaluation.