Inheritance Advance, often called Inheritance Loans, Facts to Remember
How inheritance funding works: Often called inheritance loans or probate loans, these are no-interest advances not loans that loan providers offer consumers. Once probate closes (unless you decide to pay back your inheritance advance to your inheritance funding company early) we are always paid back directly from the Estate or Trust. Never directly from you, the client. You are never liable, past the payback you are quoted, which is a critical component in how inheritance funding works. That’s why your personal income, employment status, credit score or credit report is never required; and your credit status is not affected. It is the estate finances that count – not yours, which is another key point as to how inheritance funding works. That is also why, technically, advance inheritance funds you receive, often called inheritance loans or probate advances, are in fact inheritance cash advance assignments, not interest based loans, such as you receive from a personal bank loan or credit union loan. And this is the third critical point, regarding how inheritance funding works.
Inheritance Loans Versus Inheritance Advance and Probate Advance Terminology
For convenience sake, people frequently refer to our inheritance cash advance assignments as the key ingredient in how inheritance funding works and serves middle class people extremely well, regardless of their personal financial status... with what many heirs call inheritance loans or probate loans, or probate advances. In fact, they are all the same type of inheritance financing, zero-interest cash advance assignments, rather than interest-bearing traditional loans - probably the most important element in how inheritance funding works. Heirs technically do not “borrow money against a future inheritance” and are not “borrowing against inheritance”… Frequently it is getting a “loan on inheritance” – with heirs requesting rates for an estate loan or inheritance advance loan, inheritance loans & probate advances, probate loans, probate advance loans, or trust fund loans. However, personal loans involve interest and credit reports and credit scores… whereas, "loan" terminology aside, My Inheritance Cash inheritance loans & probate advances never impose interest or credit requirements.
In actual fact, heirs are actually requesting information on inheritance funding, from an inheritance funding company, with respect to an inheritance cash advance assignment, not an interest based loan. Inheritance loans, probate loans, estate loans or probate advance loans are strictly terms of convenience, and that’s OK, however this is not, factually speaking, accurate terminology.
Trust Fund Advance and Probate Cash Advance Rates
Besides fast inheritance money, most heirs prefer interest-free cash advance assignments to interest based loans, due to the fact that there are never monthly payments, there is no credit score or credit report required, and there is no compounding interest associated with inheritance cash advance assignments.
Therefore it is always prudent for heirs to remember this fact when speaking to an inheritance advance company about estate advance rates, or probate advance fees, or if the term “probate loan fees” or” inheritance loan rates” enters the conversation, it is always wise to confirm with the account manager or salesman that this is merely a manner of speaking, and not a reference to a personal loans that will actually involve pricey interest or a written commitment to monthly payments over as period of many years.
Contrary to what many heirs believe – there are no generic “one-size-fits-all” rates or fees for probate advances or inheritance cash advances. There are always several specific factors in play, when determining rates, or cost —such as what type of assets make up the estate; the amount of time until probate closes, or amount of time until final payback of advance inheritance funds, or when a trust reaches final distribution plus transaction fee.
When applying for an inheritance cash advance or probate advance, heirs do need to be expecting an inheritance of least $3,000 from an estate in probate or trust within the USA, or in Canada. The amount heirs can receive is based on the amount of cash, assets and/or real estate being inherited by the applicant. Real property and financial assets generate inheritance revenue – and inheritance advances, as well as rates, are based in part on this type of inheritance revenue.
Getting an Advance on Inheritance is Easier Than Ever
Our probate advance, trust fund cash advance and advance inheritance funding specialists are arguably the most friendly professional inheritance advance account managers, with decades of experience answering questions on inheritance advance services – even with questions about probate advance funds, often called inheritance loans, in other countries – specializing in assisting heirs and beneficiaries with rapid-turnaround advance inheritance money.
In just a few days, once your inheritance advance paperwork has been completed and submitted to our office, you can usually receive a portion of your inheritance within 72 hours, with a secure inheritance advance, probate advance or trust fund cash advance, based on your share of an estate or trust.
And at the end of the process, of how inheritance funding works, when it comes time to pay back your probate advance or trust fund cash advance, it’s important to remember that our firm is paid back only from the estate, or trust. It is never an out of pocket expense for you, the heir or beneficiary. We do all the heavy lifting – you simple relax and wait to be funded by our office, no matter where you live. Listen to what some of our clients say about us