Frequently Asked Questions About Small Inheritance Advances

Receiving an inheritance can be helpful when you are facing financial challenges. However, you may be surprised to learn that it can take months or even years for the estate of the deceased to get through probate. The average time to receive an inheritance after a loved one passes is one to two years.

Inheritance Funding Company can help you gain access to part of that money early. Learn more about our offerings and get answers to some of the questions you might have about small inheritance advances.

What Is the Minimum You Can Borrow Against Your Inheritance?

The minimum varies depending on your inheritance. You must inherit at least $10,000 to be eligible for an inheritance advance.

What Is the Maximum You Can Borrow Against Your Inheritance?

Most of the time, you can advance up to 40% of the distribution expected from your loved one’s estate.

What Is the Difference Between an Advance and a Loan?

Many people refer to inheritance advances as inheritance loans. While the terminology can be confusing, a probate advance is actually very different from a loan.

IFC doesn’t offer loans — we offer advances. An advance comes from money you will receive in the future. With a loan, you would have no guarantee of a future windfall. You would make monthly payments and have to pay back a percentage of what you borrowed, too.

What Happens During Probate?

The probate process consists of four main steps:

  1. Filing a petition for probate.
  2. Attending a probate hearing.
  3. Noting applicable settlements, filings and notifications against the estate.
  4. Distributing the money that remains.

How Does IFC Make It Easy to Get Your Inheritance Money?

It can take up to two years for your inheritance money to clear probate. IFC lets you start spending your money now with an advance. With us, you’ll take on no risk because you’ll be borrowing against money you’re already owed.

We’ll begin by meeting with you to gather information about your inheritance and how much money you’d like to access immediately. We’ll then contact the person administering the estate and the lawyer. Once we have the information we need, we can grant same-day approval. The estate will repay us directly from your share of the inheritance, and you’ll get the remainder of your money.

Learn more about our services and see how we can help you. Apply for a small inheritance advance today!

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