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Iowa Inheritance Funding: Inheritance Advance and Probate Advance funds (Often called Inheritance Loans by Iowa Heirs)

“How Do I Know I Can Get Approved to Get an Advance on My Inheritance?”

Once you decide to apply for Iowa Inheritance Advance Funds... to borrow against inheritance with a national, online Inheritance Advance Company like My Inheritance Cash (there is no local Inheritance Funding Company in Iowa – frequently referred to as an Inheritance Loan Company) – you will most likely be approved for an Inheritance Advance or Probate Advance, for as much Iowa Inheritance Advance Funds as your inheritance assets will allow… As long as you quickly execute the Inheritance Advance Agreement and cash advance assignment paperwork your Inheritance Funding Company has provided. Plus quickly provide all the estate documents that are requested. If you do everything properly and in a timely fashion, you should be on your way to being approved for your Iowa Inheritance Advance Funds. You will also need to produce an Iowa photo ID to your inheritance funding company to prove you are over the age of 18; and also submit estate documents that prove you are a valid heir of an Iowa estate and can furnish the inventory documentation that establishes the amount of estate assets and real estate evaluation held by the estate; plus documentation that verifies your share of those assets – valued at $15,000 or more – it’s likely you will be approved and receive your Iowa Inheritance Advance Funds within 2 or 3 days.

Do All 99 Counties in Iowa Permit Inheritance Funding? Which many Heirs call “Inheritance Loans, Probate Loans & Estate Loans”

Receiving Inheritance Advance money from an Inheritance Funding Company is permitted without exception in all 99 counties in the state of Iowa.

Researching: Inheritance Funding & Inheritance Advance Companies

If you are researching the Probate Advance or Inheritance Advance process, and wish to educate yourself about the Inheritance Funding process, how a standard Inheritance Advance Company functions with regards to Iowa Inheritance Advance Funds… And to discover how Inheritance Lenders compute Probate Advance Rates, or what many heirs call “Inheritance Loan Fees for Inheritance Loans or Probate Loans” from an “Inheritance Loan Company” as heirs say. Plus learn all about the standard formulas that Inheritance Cash Advance Companies use to set pricing models, etc. – you can easily search on Google with the following accurate search terms (below), in order to identify some Websites that address Inheritance Financing issues, along with the Inheritance Advance Companies or Probate Advance Companies that provide Inheritance Advances or, as many heirs call Trust and Probate Advance services – Inheritance Cash Out or Inheritance Loan Advances, Inheritance Loans and Probate Loans from so-called Inheritance Loan Companies.

Even though Inheritance Cash Out, Heir Loan or Probate Lending companies do not extend interest bearing loans to heirs, and instead provide non-interest Inheritance Cash Advances assignments designed to yield fast Inheritance Cash from an Inheritance now, in days not weeks. However, “loan” related search terms are included in the below search term list due to the popular use of “loan” related search terms by heirs and beneficiaries researching Iowa Inheritance Advance Funds from an Inheritance Funding Company:

Search Terms to Research Online for Information on Inheritance Advance & Probate Advance Companies

inheritance loans     inheritance now

inheritance loan                 inheritance funding
inheritance lenders               inheritance funding company
probate lending                 inheritance cash
inheritance borrow               probate advance
probate loan                      inheritance advance
probate loans                       inheritance advances
heir loan                             inheritance cash out
borrow against inheritance    cash out inheritance
inheritance loan company       inheritance advanced
inheritance borrowing               heir advance

Iowa Wills & Probate

What happens to my property at my death? When you pass away in the state of Iowa, your assets & property can be transferred by trust, joint ownership or by naming a beneficiary for property like an IRA, insurance policy or bank account. Property can also be transferred at your death under Iowa's probate laws.

What exactly is a will? A will is a legal document that allows anyone of sound mind, at least 18 years old (16 if married) to dispose of all assets, cash accounts, personal property, real property and investment accounts, when they die — that is not distributed by other means.

What happens if I do not have a will? If you do not have a will, any property that is not transferred by other means (for example by joint ownership, a trust, or designation of a beneficiary) is distributed under Iowa's probate laws in the following order:

  1. Spouse and Children: Your spouse will receive all your property if you either have no children or all of your children are also your spouse's children. If you have children from a previous marriage, your spouse will receive a portion of your property with the rest to be divided equally among your children from the previous marriage. If you have no spouse, your property will go to your children. If a child has died, that child's children will share the child's share & down the line.
  2. Mom and Dad: If you have no spouse or descendants, your property will go to your parents.
  3. Brothers and Sisters: If you have no living spouse, children or parents, then the estate goes to your brothers and sisters, then your nieces and nephews, etc.
  4. Other Family Members: If none of the above relatives are living, then the estate goes to your grandparents and down from there. If you have none of these relatives, then your estate goes to the descendants of your deceased spouse.
  5. State of Iowa: If there is no one in any of the above groups, your estate goes to the state of Iowa.

What are the advantages of a will? Advantages include the ability to:

  1. Keep full control over your property until your death.
  2. Make specific gifts either directly or by referring to a written list.
  3. Choose a Guardian for minors.
  4. Create a trust for minor children.
  5. Name who you want to administer your estate.
  6. Avoid a bond.
  7. Lower your taxes.

How can a will be revoked? You can revoke a will by creating another will or cancelling it, intending to revoke the will.

The Probate Process in Iowa

Probate is the formal court process of distributing an estate at death. This process is often necessary to transfer title to the estate's assets, settle claims of creditors, and resolve disputes between heirs or other people, such as creditors, associated with the estate.

What is involved during the probate process?

Naming an Executor: The will typically names an executor to manage the estate assets.  If there is no will, the court will appoint an administrator.

Duties of the Executor: The executor or administrator, normally under the guidance and direction of a lawyer, is responsible for the tactical management of the estate.

The executor or administrator will typically be expected to:

  • Contact heirs and creditors to update them on probate steps and proceedings.
  • Take possession of inventory and preserve the probate assets of the deceased.
  • Collect all income, such as rents, interest and dividends, demand and collect all debts, claims and notes due.
  • Manage the decedent’s personal business.
  • Determine the names, ages, residences and degrees of relationship of all heirs and closest relatives of the deceased.
  • Resolve pending lawsuits associated with the decedent, i.e., the estate.
  • Pay state and federal inheritance, estate and income taxes.
  • Pay valid creditor claims
  • Manage the sale of real property.
  • Transfer the decedent’s title to titled property for heirs.
  • Distribute assets to valid heirs.

Does a will have to be probated? No. Probate can be avoided if:

  • No one disputes your will or how your property is to be distributed,
  • There is no real estate or it is held in joint tenancy with right of survivorship,
  • Beneficiaries are named for insurance policies,
  • Beneficiaries are named for bank and investments accounts or they are held jointly, and,
  • All bills and debts are settled or paid.
  • For additional information on wills, probate and other issues of importance to seniors in Iowa, call their Legal Hotline 1-800-992-8161.

Who Inherits When Your Spouse or Parent Dies Without a Will?

If your spouse or parent dies without a Will, Iowa law determines who will inherit the spouse or parent’s property. These are intestacy laws that determine who receives the decedent's assets and property.  “Intestate" reflects a person who passed away without a will.  A decedent who died and left a valid Will is described as "testate." Typically, in intestate succession, property goes to close family members, starting with a surviving spouse and children, and then gradually widening out to parents, siblings, nieces and nephews, grandparents and their legal descendants, and more distant relatives after that. If no relatives can be found, then the decedent's property goes to the state.

Click Here for Iowa Inheritance Advance Info and an Inheritance Advance Account Manager