Massachusetts Probate | Inheritance Advances in Massachusetts

After a loved one passes away, all estates are required to move through the Massachusetts probate courts. Probate is the legal process where the individual’s belongings are distributed to the correct inheritors, often decided by a will.

You have a lot to deal with after the loss of a loved one. The added stress of probate can create an even more difficult time, especially when the vast majority of people are in the dark about how their inheritance works and the process they need to take to get their hands on it.

That’s why Inheritance Funding strives to shed light on inheritance and help you access your money without the complications of probate. We’re proud to be the most trusted cash advance company since 1992.

Is Probate Required in Massachusetts?

Probate is required in Massachusetts if you need to:

• Pay the decedent’s creditors.
• File the decedent’s tax returns or pay taxes.
• Discover whether the decedent’s will is valid.
• Obtain the decedent’s medical records.
• Change the title of real estate or personal property.

Some property may not need to go through probate because the law requires it to be automatically transferred to another person. These types of property include:

• Assets with beneficiaries: An asset with a named beneficiary, such as life insurance or a retirement account, will go directly to the beneficiary without probate.
• Assets held in trust: Any property held in a trust will bypass probate and go to the named beneficiary.
• Assets with a payable-on-death provision: A bank or investment account with a payable-on-death or transfer-on-death provision does not require probate.
• Assets held jointly: Bank accounts, real estate and other jointly owned assets will automatically go to the joint owner.

There are three main types of probate in Massachusetts, including informal, formal and late and limited formal probate. There are varying requirements for each depending on the estate’s complexity, details about the heirs and the need for court hearings. Massachusetts also allows voluntary administration, a simplified process for estates with no real estate and few assets.

How Long Does Probate Court Take in Massachusetts?

The probate process is exceedingly complicated and drawn out, taking at least four to six months to settle, with the national average being close to 17 months. You have up to three years after an individual’s passing to file probate. In most cases, you won’t be able to access your inheritance money until after the estate is fully settled. You may be able to qualify for informal probate, in which a magistrate may decide in as little as seven days.

In cases without a will, the state will pass an individual’s belongings on to their spouses and closest relatives as determined by intestate succession. While Massachusetts doesn’t have an inheritance tax, the state does impose an estate tax.

Is There a Way to Access My Inheritance Money in MA Instantly?

Revocable living trusts and assets named beneficiaries won’t need to go through probate in Massachusetts, being automatically transferred to the intended recipients.

If your loved one didn’t utilize a revocable living trust or any other named assets, there is another exception to the rule that allows you to collect your cash before probate ends. At IFC, we offer probate cash advances that enable heirs to access their inheritance money before the probate courts finish settling the estate.

You can get started by giving our team some basic information and filling out simple paperwork to let us know more about the estate and how much of your inheritance you want to access. With our simple cash advance process, you can get your money transferred on the same day of approval.

The IFC Inheritance Advance Process in Massachusetts

Leave the probate laws in Massachusetts behind and streamline the inheritance process when you choose IFC as your go-to probate advance provider. Our straightforward approach has been proven to help heirs get the cash they need faster than ever, starting with a free meeting with our helpful staff and ending with money in their pocket in under 24 hours.

We care about our customers. That’s why we make getting your inheritance money as stress-free as possible with these benefits:

• Quick and easy process: Use your phone or computer to work through our online process and obtain your money today.
• No financial requirements: Your credit score, employment history and income don’t matter to us — we’ll base your advance on your inheritance. That’s it.
• Risk-free service: Our cash advances aren’t probate loans, and you don’t have to repay them. We’ll work with the court and the estate to get our payment after the probate process ends, so there’s no risk or hassle on your part.
• One fixed fee: We charge no hidden fees or monthly payments, and your advance won’t affect the inheritance of other heirs.
• Lowest price guarantee: Get the most for your money with our affordable rate.
• Money without constraints: You’re free to use your money in any way.

Are There Limits to Where I Can Get a Massachusetts Probate Advance?

We assist Massachusetts residents from every county, including:

• Middlesex County
• Essex County
• Worcester County
• Suffolk County
• Norfolk County
• Bristol County
• Hampden County
• Plymouth County
• Barnstable County
• Hampshire County
• & ALL other counties!

Skip Massachusetts Probate With a Cash Advance From IFC

At IFC, we have served heirs in all 50 states for over 25 years and we’re ready to do the same for you. We aim to make the process of accessing your Massachusetts inheritance money stress-free and straightforward.

Get a free quote from us today!