According to probate attorneys, there are several factors that impact the length of time required to settle a will after the testator’s death. This varies by state, and by the total value of the estate, as well as any issues with a contested will.
In the United States, the typical time for probate (the process of settling a will) is about 12 months. However, it is not uncommon for this process to take 18 to 24 months, especially if the estate was large, if there are complicated investments, or if part of the probate includes business interests or foreign holdings. Any challenge to the validity of the will or its bequests can also slow down the process.
During probate, heirs cannot access the funds they have been designated to receive. At My Inheritance Cash, we provide immediate inheritance loan payments in the form of a cash advance on inheritance. Understanding misinformation about an immediate inheritance loan can help you decide whether this is the right option for your financial needs.
Myth: An inheritance loan is the same as a bank loan
An inheritance loan is not a bank loan. Banks and other financial institutions (such as credit unions) do not offer loans based on inheritance as collateral. Bank loans also charge interest, while inheritance loans do not.
Myth: There is a lot of paperwork and time involved in getting an inheritance loan
The process of applying for an immediate inheritance loan through My Inheritance Cash is very simple. Once your documentation is provided and your cash advance is approved, funds are transferred to your bank account in less than 3 days.