[Summary: If you’re waiting on an inheritance in Pennsylvania, understanding your rights can help you feel more confident. Probate is the court process for distributing a person’s money, property and other assets after they pass away, and it can take longer than heirs expect:
- Know your rights: Heirs can receive important updates, ask questions about the estate and explore next steps if the executor is not handling the process fairly.
- Understand the process: The estate’s details, Pennsylvania probate rules, creditor claims and family disputes can all affect when money is distributed.
- Explore your options: An inheritance cash advance can help you access part of your expected inheritance sooner while probate continues.]
Getting Started With an Heir Cash Advance
If you’re a first-time heir you probably have many questions about the situation. Most heirs aren’t very familiar with the inheritance process— they only know that they’re in line to receive money, property or assets from an estate.
As an inheritor, you must go through many steps before receiving your share of the estate. Specific legal proceedings must occur, and you have rights as an heir that are protected by the process.
You’ve Been Named an Heir to an Inheritance – What’s Next?
As the rightful heir to an inheritance, you’re due to receive a share of assets from the estate of a recently deceased individual, known as a decedent. However, the estate and individual assets must go through a lengthy court process called probate before you can collect your inheritance. Probate is the process of administering and closing an estate after the owner has passed away. It is a legal procedure that goes through court to appraise assets and ensure heirs receive all the assets an estate entitles them to. The process is more complicated when there is no will, compared to when a will names specific beneficiaries. Probate can take up to several years to complete, meaning all heirs must wait a significant period for probate to conclude before they can collect their share of the inheritance. However, if you expected your inheritance to come sooner, you may need another way to get your money now.
Luckily, you can skip the tedious probate process entirely and get your money fast by applying for a cash advance for heirs. Inheritance Funding Company’s inheritance advances allow heirs to access a portion of their money instantly, without the hassle of waiting for probate to conclude.
What Is an Intestate Heir?
An heir is an individual who legally inherits a portion of another person’s estate when they die intestate, meaning without a will. Because the deceased individual failed to allocate their assets in a will, there are no legal connections to anyone other than the decedent’s relatives. Therefore, all assets typically go to the decedent’s closest relatives. State laws entitle an heir of an intestate decedent to receive property from the estate. However, probate and inheritance laws differ from state to state.
Heirs are typically blood relatives of the deceased, like children, parents and other close relatives. In cases where there are multiple heirs in line for an inheritance, the heirs typically divide the estate evenly among themselves.
Inheritance Rights of Heirs
As an heir, you have rights that protect you throughout the inheritance and probate processes, including the right to the following.
- Timely transfers: probate has concluded, heirs have the right to receive their entitled share promptly. However, this does not apply when the probate process is occurring, which can take several years.
- Information: Heirs may request access to any information or reports regarding the estate’s assets, administration and payments. These details can help clarify which assets or dollar amounts will go to each heir.
- Accounting: Heirs have a right to any accounts of the actions performed for the estate, including reports, receipts, proof of transfers and canceled checks. This accounting can help heirs ensure all parties are handling the process ethically and correctly.
- Executor approval: An heir has control over how much an executor gets compensated for their services, and in some cases, who is appointed as the executor.
- Fairness: Heirs are entitled to an executor who performs their duties without favoritism.
- Relief: If an heir believes that the will’s executor isn’t fulfilling their duties adequately or fairly, they can seek relief from the court system. If the court rules against the executor, you have the right to have a new executor appointed to the estate.
Is There a Difference Between an Heir and a Beneficiary?
Heirs and beneficiaries are not the same, and it’s inaccurate to use the words interchangeably. Heirs are typically blood-related family members of any decedent. Beneficiaries are persons who the decedent specifically named in their will or trust — these individuals do not necessarily have to be related to the deceased.
Heir Inheritance Rights FAQs
The FAQs below address waiting for an inheritance, timelines, executor communication and understanding your options during the probate process.
How long does an heir have to claim an inheritance?
Inheritance timelines vary in Pennsylvania. The timing can depend on the probate process, the estate and whether the executor requires information from you before making distributions.
If you receive a notice or request from the Register of Wills or executor, respond promptly to help avoid delays while the estate moves through probate.
What should I do if the executor isn’t communicating with me?
Ask the executor for a written update. If you still do not hear back, contact the county Register of Wills to confirm basic probate information.
If you believe the executor is not handling the estate properly, consider speaking with a Pennsylvania probate attorney about your next steps.
Can I get a cash advance on my inheritance while I wait to claim it?
Yes, you may be able to get an inheritance cash advance before probate is complete, allowing you to access some money sooner. Approval usually depends on the estate and your expected inheritance, not your credit score or income.
Is an inheritance cash advance the same as an inheritance loan?
An inheritance cash advance is not a loan. Instead, the cash advance comes from the servicer purchasing a portion of your forthcoming inheritance while it is still going through probate. Furthermore, while lenders charge interest, an inheritance cash advance comes with a flat fee and no required collateral.
What happens if probate takes much longer than expected?
A longer probate process usually means you may need to wait longer to receive your inheritance. Delays can happen because of creditor claims, tax filings, property sales, missing paperwork or family disputes.
Most delays need to be resolved before the estate can distribute money. Staying responsive to executor requests can help you avoid adding extra time to the process.
What information should I receive during probate?
You may receive a Notice of Estate Administration after a personal representative or executor is appointed. This notice confirms that probate has begun and names who is responsible for handling the estate.
Get Your Money Fast
If you’re an heir who wants to access your inheritance fast rather than waiting several years, turn to Inheritance Funding Company for help. We can approve you and provide cash advances for heirs within as little as one day, so you can get the money you deserve when you need it.
Schedule your free consultation with Inheritance Funding Company and receive your money as soon as tomorrow!