What Is Inheritance Funding?
Inheritance funding is a sort of short-term funding that allows individuals to obtain the number of inherited monies or possessions until a decedent’s probate process is concluded. Inheritance funding companies most frequently refer to immediate inheritance funding as probate advances, inheritance advances, inheritance loans, and estate loans. All these terms are commonly used interchangeably.
Let High Rise Financial explain these terms and secure the inheritance funding you need while waiting for an inheritance to be distributed.
The Two Types of Inheritance Funding
The two main categories of inheritance funding are as follows:
- Inheritance Advance: A payment made before receiving your inheritance.
- Estate Loan: A loan that uses your inheritance as security.
Both do not consider an individual’s credit score when they apply, unlike traditional lenders that do not offer you these choices.
To apply for free, call (877) 735-0016
Why Would You Need Inheritance Funding?
There are various justifiable reasons to receive a loan or cash advance secured by the expected inheritance:
Pay for the Estate’s Settlement Cost
The probate process to settle a loved one’s inheritance may be expensive. Beneficiaries may be liable for preserving the estate, covering up taxes and debts owed by the estate, paying for maintenance charges, and managing funeral expenses. You may pay for these costs without using your emergency reserve by taking out immediate inheritance funding.
Negotiate the Inheritance of the Real Estate
Some individuals want the inheritance of real estate, whereas others merely want the money. You can obtain inheritance funding to purchase the other heir’s portion of a property.
Payment of Your Debt
Your inheritance funding may be used to help you repay obligations like loans, credit cards with high-interest rates, or medical expenses. These debts must be settled immediately to prevent taking on further debt.
Pay for Daily Expenses
You might need the money to go through difficult times because the probate procedure could drag on for years. You can avoid using other types of loans in this situation by applying for an inheritance loan or cash advance.
Do you still have questions about inheritance funding? Call the experienced team at High Rise Financial to discuss your situation and find out how you can obtain inheritance funding before the court actually distributes the inheritance.
Why You Should Work with High Rise Financial
High Rise Financial has years of experience securing pre-settlement funding for clients after they have been injured in any type of accident. On top of that, we can also help you secure inheritance funding before it is distributed by the court handling the case. This means that you will not have to wait for a loved one’s estate to go through the probate process, leaving you with no way to pay the bills if you were counting on that money.
At High Rise Financial, we take every application seriously so that you do not have to worry about funding when dealing with a difficult time. We pride ourselves on helping members of the community in their biggest time of need. Reach out to us today to speak with a member of our team about how you can acquire inheritance funding without waiting for the courts to distribute the money.
How Much Can I Receive from Inheritance Funding?
The amount of money you receive from inheritance funding will depend on the portion of the estate you have to your name. For example, suppose you are the sole beneficiary of the estate. In that case, you will receive a large inheritance from the funding application because the estate does not have to be divided among multiple people. However, if you are just one of many beneficiaries, your funding amount will be markedly lower because of your percentage of the estate.
Your Actual Inheritance Is Used as Repayment
The amount you receive from High Rise Financial when seeking inheritance funding is also based on the repayment of the loan. The inheritance you eventually receive from the estate will be used to repay the loan. This means you do not receive double the inheritance when applying for High Rise Financial funding.
Instead, once the court settles the estate, the amount initially earmarked for you will be used to repay the loan you received when you applied for inheritance funding.
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You Have Questions and High Rise Financial Has Answers
When you have questions about obtaining inheritance funding, look no further than High Rise Financial. We are here to help you understand the application process and secure the funding needed to improve your financial situation without waiting until the court settles the estate through the probate process. Let us be of assistance today, so you are not struggling to pay the bills.
Getting Your Inheritance Now
Receiving a financial inheritance should be quick and painless, but it proceeds slowly. There is no certain timeline when dealing with probate court or estate lawsuits. You can’t obtain your funds when you want them because of ongoing delays and barriers in the inheritance procedure.
You can call High Rise Financial to discuss your financial situation while waiting for an inheritance to be distributed by the court. We will answer all of your questions and ensure that you have the funding needed to pay the bills, provide food for your family, and handle other expenses along the way.