[Summary: Wondering who qualifies for an inheritance advance? An inheritance advance is designed for individuals who are heirs of an inheritance and are awaiting the distribution of their funds, which are often delayed by the probate process.
- Eligibility for an inheritance advance: Generally, heirs who are legally entitled to receive an inheritance can qualify.
- Key advantage: It is not a loan. You are not required to make payments, and there are no interest charges. The inheritance advance is repaid directly from your share of the estate once it is ready for distribution.
- Ease of access: Inheritance Funding prioritizes a straightforward process, often allowing heirs to receive their cash advance the same day. Eligibility for an inheritance advance is based on the estate, not your credit score or employment history.]
Heirs who are legally entitled to receive an inheritance and are awaiting the distribution of their funds may qualify for an inheritance advance.
If you’re an heir to an inheritance, getting your share can be a long and frustrating process. The money often must go through a legal procedure known as probate before you can collect it. While many assume probate only takes a few weeks to complete, it can last up to several years.
Thankfully, there’s a way to access your money sooner. An inheritance advance from Inheritance Funding gives you immediate access to your share. Read on to learn if you qualify for an inheritance advance.
What Is an Inheritance Advance?
An inheritance advance — also known as a cash, probate or estate advance — is a way to obtain a portion of your inheritance right away instead of waiting for the lengthy probate process to end. Unlike a loan, you do not have to pay this money back, and there are no monthly payments, interest charges or hidden fees. Instead, the estate pays the inheritance advance company directly from your share once the money is ready to distribute.
Who Can Get an Inheritance Advance?
Heirs in line to receive an inheritance may qualify for a cash advance. Each inheritance advance business determines a minimum amount they are willing to fund. These rates vary by company but can be as much as $50,000. At Inheritance Funding, we only require a minimum funding request of $10,000.
What Information Will I Need to Provide the Company Issuing the Inheritance Advance?
After you confirm your eligibility, your funding company of choice will request various documents giving them further insight into your inheritance. These documents confirm that you are an heir to the estate. Generally, probate advance providers will ask you to provide the following information:
- A copy of the decedent’s death certificate
- A copy of the will, if applicable
- A petition for probate
- Letters of administration
- Inventory sheet
- Notice to creditors
- Document identifying the estate’s executor or administrator
- Valid photo identification
At IFC, we’ll never ask you for information regarding your employment history, credit score, or income. We deliver cash advances based only on what’s in the estate, meaning we’ll never use your financial background against you.
Why Get Your Inheritance Advance From Inheritance Funding?
Inheritance Funding is the oldest and largest inheritance advance provider in the industry. We’ve advanced hundreds of millions of dollars to thousands of heirs just like you. We get you your cash at the fastest time frames and lowest prices.
At Inheritance Funding, we understand what you’re going through, and we know this can be a challenging time. You can rest assured we’ll treat your case with the utmost care to ensure you have a positive experience. We’ll also keep all your information 100% secure to protect your privacy.
We know you may be seeking an inheritance advance for many reasons. Whether you need the money to pay off medical bills or put a down payment toward a house, you’re free to use your cash advance however you wish, with no strings attached.
We also keep our process simple so you don’t have to wait to receive what’s rightfully yours. In many cases, we approve and fund requests the same day we receive them.
Frequently Asked Questions
Here are some common follow-up questions about an inheritance advance.
How do inheritance advances work?
An inheritance advance allows heirs to obtain a portion of their inheritance immediately without waiting for the lengthy probate process to conclude. The estate pays the inheritance advance company directly from your share once the inheritance is ready for distribution.
How quickly can I receive my inheritance advance?
In many cases, Inheritance Funding approves and funds requests the same day they are received, thanks to our simple and quick process.
Are there any hidden fees or interest charges for an inheritance advance?
No. An inheritance advance is not a loan, so there are no monthly payments, interest charges or hidden fees. You do not have to pay this money back directly.
What if the probate process takes longer than expected or the inheritance value changes?
Inheritance Funding’s service is 100% nonrecourse. This means you do not have to pay the money back, and clients face no risk of nonpayment, even if the probate process extends or the inheritance value fluctuates.
Do I need a good credit score or employment history to qualify?
No. Inheritance Funding never asks for information regarding your employment history, credit score or income. Cash advances are delivered based only on what’s in the estate, ensuring your financial background is not used against you.
Can I use my inheritance advance for any purpose?
Yes. You are free to use your cash advance however you wish, with no strings attached, whether it’s for medical bills, a down payment on a house or any other need.
Contact Inheritance Funding About Your Inheritance Advance Today
Inheritance Funding is here to help you navigate the inheritance process and access your money immediately. Contact us today to schedule a free consultation. We’ll answer any questions you may have and walk you through our quick, straightforward process.
1-800-944-2072
