Get a Probate Advance on an Inheritance

There's good news for those who may be waiting on a bequest or an inheritance from an estate.  A company has recently emerged that advances a portion of one's expected inheritance money to beneficiaries throughout the United States who are waiting for an estate to close in probate court or other proceedings.  This law firm appears to make it fairly easy to access badly needed funds with limited risk, so that heirs nationwide can maintain estate assets during a terribly difficult season.  The costs may be rather high, but possibly worth it when no other options are available.  Please write me with your contact information, and someone from the firm will be in touch. 

Waiting on an Inheritance.  Get a Probate Advance Now

Probate is the formal legal process that gives recognition to a will and appoints the personal representative, executor, or executrix who will administer the estate and distribute assets to the intended beneficiaries pursuant to the order of the probate court.  The process ensures that the creditors of the decedent have an opportunity to file claims against the estate and that other interested parties have a chance to challenge the decedent’s will.  All of this takes time while the beneficiaries are often caught in the middle with bills and other estate-related obligations coming due, some needing money immediately to preserve the property, perhaps from foreclosure, maintenance, and to prepare it for sale.  Meanwhile, the estate documents may not have been filed or may have been filed, and the beneficiary is waiting for the end of the probate period, potentially years down the road. 

This firm offers an inheritance advance, non-recourse funding made to an entity, estate, individual, or trust that is a named heir or beneficiary under a will or trust, or heir as a matter of law under an intestate proceeding.  The company reviews the estate and, within 24 business hours, determines how much of an advance can be offered, and usually funds it within 48 business hours.  The advance is made to a person or entity, such as a non-profit or place of worship, that expects to receive a portion of an inheritance at some future date from the proceeds of an inheritance proceeding, usually an estate probate court proceeding, but possibly a trust administration. 

A Probate Advance, not a Loan 

The funding is non-recourse and unsecured, so there are no fixed due dates, interim payments of principal or interest, or stated rates of interest, whether fixed or variable.  Further, there is no personal liability on the part of the recipient should the estate turn out to be insolvent or the proceeds to the heir fall short of what was originally anticipated.  If the property sale comes up short, the proceeds are used up by debt, or the distribution takes years, the program administrator absorbs those risks.  Really, the only situations that will lead to a claim are when the estate pays the recipient, and the recipient refuses to repay the advance, or when someone lies about their identity or relationship to the estate.
Plan to Stay Involved in the Settlement of the Estate

The program will not buy out an heir’s entire position.  Though flexible, the target amount for a typical advance is around 30% of the heir’s entire position because the goal of the program is to provide the recipient with interim cash sufficient to meet their current needs while maintaining the priority on the ultimate wind-up of the distribution and the full settlement of the estate.  Further, this arrangement may not be the best fit for everyone, so beneficiaries should avoid taking more of an advance than necessary due to the significant fees at the end.  Repayment fees of at least ten percent are charged quarterly, assessed based on the estate's risks and the length of time the advance remains outstanding.  The advance is to be repaid by the administrator or trustee, for the account of the recipient, when and if the estate makes a distribution.

Frequently Asked Questions about this Probate Advance

Who qualifies for a probate advance? 

Anyone or entity that anticipates a bequest or inheritance from an estate, including places of worship and non-profits, may qualify for a probate advance through this program.  All beneficiaries of an estate are considered and evaluated individually, and no agreement among them is required for any heir to participate.

May I have an attorney on board with me?

Probate attorneys are welcome to participate but are not required for the process to begin, since many charge upfront fees.  Further, the executor or executrix must give permission before details of an estate can be disclosed to anyone.

What happens if the estate proceeds are insufficient to repay the advance?

There is no personal liability on the part of the recipient should the estate turn out to be insolvent or the proceeds to the heir fall short of what was originally anticipated.  If the proceeds come up short, the program administrator absorbs those risks. 

In Conclusion

Other funding sources may be a better match for those in need, given the required access and the high costs associated with this program.  But a probate advance may be a good option for obtaining badly needed cash when all other resources have been exhausted or have failed. If this program is of interest, please write me with your contact information, including a telephone number, so that the information may be passed on to the provider.   Interested parties are certainly welcome to call me at (770) 271-2156, but what is written here is what I know, so you'll likely hear from the law firm rather than me once your information is provided.

Disclosure

I am not associated in any way with this provider, nor will your information be used in any way other than as requested.  In fact, I will not call or write at all without your permission; instead, I will pass your information along to the provider.  All should know that I earn a commission whenever a potential receiver I’ve referred to the firm is funded.