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Inheritance Loans vs. Inheritance Funding for Heirs in Vermont

If you are talking to an inheritance funding company, asking, “Can I borrow against my inheritance?” – trying to figure out how to apply for an advance on inheritance – it’s important to understand that an inheritance funding transaction in Vermont called an Inheritance Advance or Probate Advance is the same inheritance financing that heirs and beneficiaries call Inheritance Loans or Probate Loans.  It’s the popularity of the “loan” terminology, that so many people, even the inheritance funding company you choose to fund your Inheritance Advance, will call these cash advance assignments “loans”, and call themselves “an Inheritance Loan Company” or “Probate Lenders” – even though they are not actually providing  “loans”…  there is no interest, no credit report or credit score, no monthly payments; and heirs or beneficiaries are never personally liable to pay back Inheritance Advance or Inheritance Funding money.

Wills in Vermont

​A Will is a written legal document that is opened after your death. “Oral” Wills are not valid in Vermont, and a written Will has to be witnessed by two people.  Anyone under 18 cannot be a witness.  A Will addresses:

  • a) The payment of your final debts, funeral expenses, taxes, estate administration.
  • b) The transfer of property and assets to people (heirs and/or beneficiaries) and/or charities or foundations. Assets can be personal property, real property, cash accounts, retirement accounts, or stocks, bonds, digital files, etc.)
  • c) Transfer of the balance of your assets to people or charities after all expenses are paid and specific bequests are fulfilled. The remainder of the estate is called “residue.”
  • d) The appointment of an Executor or a Trustee.
  • e) The appointment of a Guardian for minors.
  • f) Burial instructions or funeral arrangements.

​​Probate in the State of Vermont

​With or without a Will, the probate process is designed to protect all the heirs in an estate inheriting assets and/or real property.   Probate court requires the executor or administrator to file an inventory sheet that lists the assets in the estate, as well as debts, plus income and taxes.  Once debts are paid, the court requires the filing of an accounting that details the payments of debt, receipts of income, etc.  Once the accounting is approved, the court allows the remaining assets to go to the heirs of the estate as specified in the Will.  Lastly, the estate is then closed.

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    We are here to assist you with your financial needs

    Call us directy at 877-638-7760
    or fill out the form below.

      By clicking “Request a Callback,” I provide my signature expressly consenting to contact from My Inheritance Cash or its subsidiaries, affiliates, or agents at the number I provided regarding products or services via live, automated or prerecorded telephone call, text message, or email. I understand that I can revoke this consent at any time.