Do I Need Good Credit to Get an InheritanceAdvance?
Quick Answer Generally, you do not need good credit to qualify for an inheritance advance. Unlike a traditional personal loan, a probate or inheritance advance is primarily based on your expected inheritance and the assets and circumstances of the estate. Your credit score, employment history, and income may be less important than they would be […]
How Much Does an Inheritance Advance Cost?
Quick Answer The cost of an inheritance advance depends on several factors, including the estimated value of your inheritance, the complexity of the probate estate, and how long it may take for probate to be completed. Because every California estate is different, there is no one-size-fits-all cost. The most important thing to understand is that […]
Can an Heir Get Money Before a House in Probate Is Sold?
Quick Answer Yes. If you are an heir or beneficiary of a California estate that includes a home, you may be able to receive a probate advance before the property is sold. Rather than waiting months—or even years—for the hometo sell and the probate case to close, a probate advance can provide access to a […]
Can I Get My Inheritance Before Probate Is Finished?
Quick Answer Yes. If you are entitled to receive money from an estate in California, you may be able to receive a portion ofyour inheritance before probate is completed through a probate advance. A probate advance allows beneficiaries and heirs to access funds that are otherwise tied up in the probateprocess. Instead of waiting months—or […]
Can A Probate Cash Advance Expedite Inheritance?
The answer to this question is yes on two levels. First while the settlement and distribution of estate funds usually takes 12 to 24 months from filing, a portion of an heir’s inheritance can be advanced immediately. Since the majority of the estate’s value is generally sitting in a home that was occupied by the […]
PROBATE LOANS VS A CASH ADVANCE
The term “probate loan” is usually a misnomer, meaning that this transaction is rarely a loan. Most lenders will not make a loan to the heirs of a probate estate. A simple reason is that this transaction does not have a due date for repayment. The probate process is intended to be slow so that […]
What are the benefits of a Probate Cash Advance?
A California probate is a very detailed process, and usually takes significantly more time than the Heirs or the Executor expect. Usually, the largest portion of estate assets are sitting in the deceased’s home. Often real property in the estate must be upgraded prior to a sale. Of course, there is the time it maytake […]
How Does A Probate Cash Advance Affect Other Heirs
In almost all cases, a Will or Trust will detail the distribution of estate assets to each beneficiary. This detail may include what portion or percent of the estate will go to each beneficiary, or if any specific assets are to be passed on to an individual beneficiary. When an Estate beneficiary comes to our […]
How Many Cash Advances May I Take?
A probate cash advance is not a loan. It is a non-recourse assignment an inheritance to Advance Inheritance, LLC (“AI”). An heir has the absolute right to sell and assign their inheritance to AI. Sometimes an heir needs immediate cash. Since the Los Angeles County probate process now takes about 18 months or more until […]
Mom Said Everything Will Go To Me
We always recommend that clients discuss their own testamentary wishes with a trusted Estate planning attorney. Without a Will or Trust, a person’s assets will be distributed per the probate laws in the state in which the person passed away. You may be the relative who cared for the Deceased for a lengthy time period, […]
