Immediate Inheritance Funding: What Is It and How Do I Get It?

When someone dies, they will leave a will that distributes assets and funds to loved ones. Obtaining these funds can take some time, especially if there are any areas of contention. You can get the money sooner by getting a cash advance or loan. You can obtain inheritance funding even if you live in a different state than the deceased. 

We offer services in various states for your convenience. Inheritance funding is not new, and High Rise Financial will do all the leg work.

What Is an Inheritance Loan? 

An inheritance advance loan is paid throughout the entire estate process. The inheritance loan company requires you to offer collateral and will collect payment from you, and you will incur interest. You will make payments before and after your estate settles, depending on the amount and terms of your loan. 

A loan has the risk of high-interest rates, and your lender can be involved in the estate probate, further delaying or complicating the process. 

To apply for free, call (877) 735-0016

What Is an Inheritance Cash Advance?

When you take out a cash advance, you do not make any payments, pay interest, or provide collateral. There is no impact on your credit, and we will handle the collection process. Long after your loved one is gone, you will be fighting to get the money they left you. 

The inheritance process can take an average of 17 months to settle and distribute funds to all heirs. 

Can an Executor Distribute Advance Money? 

If the executor asks for early distribution of the estate and the court approves, they can give you some funds. A judge rarely approves an early distribution for one heir upon request, and the entire process will take time. The court often has a backlog of requests, and your answer can come far later. 

Can I Ask My Parents for an Estate Advance?

Probate laws are complex, and they vary by state. If your parents are the executors of the estate and you are due an inheritance, they can ask the court to give you an advance. The decision is not up to your parents alone, and waiting for the court can take as long as waiting for the probate process to finish. 

A better option is to get immediate inheritance funding where you do not wait for the court or anyone in the probate process. 

Complete a Free Application form now

What Do I Need to Apply for Inheritance Advance?

While the estate is in probate, heirs and estate executors can get an advance. The estate must be in open probate for you to receive an advance. There are many nuisances with these loans, and you must speak with High Rise Financial to assess your possibilities. 

You will need the official death certificate, photo identification, and a notice to creditors. However, you don’t need to provide all these because High Rise Financial can work with the estate executor or attorney to obtain copies. 

What Happens if There Are Other Heirs?

Anyone listed as an estate heir can take out an inheritance cash advance if they are inheriting at least $10,000 from an open probate estate. Executors can also get an advance on the estate. When there are multiple heirs, it does not impact other heirs. 

Your advance is between High Rise Financial and yourself. Additional shares and heirs do not affect your advance. 

What Are the Costs of an Inheritance Advance? 

There are no upfront costs of an inheritance cash advance, but you must ensure you speak with High Rise Financial to understand potential future costs. The estate, expected amount, timelines, and more can impact your advance, and it is best to know what to expect upfront. In most inheritance advances, we will not provide more than a specific percentage of the expected distribution, so you do not get in over your head, and we do not lose money. 

Do I Have to Make Monthly Payments?

There are rebates available for early loan repayments, and whether you must make monthly payments will depend on several factors, specifically when the estate is said to close. We will obtain our payment for your advance and any subsequent fees when the estate settles. 

You do not make monthly payments and are not responsible for direct payments. High Rise Financial will take our cuts upon estate disbursement, leaving you with the difference. 

Do You Run My Credit?

A poor credit score does not prevent you from receiving an estate advance. Your credit score will not impact your cash advance, nor will we run it to make a decision. However,  bankruptcy, child support, or judgments can affect the amount of your advance. 

If you are forthcoming with these issues, we can prepare and provide options in your contract. 

What Can I Use the Money On?

Once you get your advance, you can use the money on anything you want. You can use your money on bills, medical expenses, gifts, etc. If you were to wait for the estate to settle, you could use those funds for anything, and the same is true of a cash advance. 

How Long Does the Probate Process Take?

The estate process will vary, but there are generally a few steps to consider. First, you will petition for probate, then go to a probate hearing. Next, there will be a settlement, notification, filings, and the distribution of remaining assets. It can take months to reach the final steps. 

What if There Is a Delay in the Estate Distribution?

We understand things are out of your control, and the estate distribution can be delayed. We cannot collect funds until distribution and will address potential delays when assessing your cash advance. 

Get Inheritance Funding Today

You must consider funding options when you are in the probate process and need an advance for immediate expenses like a funeral, burial, or mortgage payments. High Rise Financial is here to offer cash advances on your inheritance and relieve some of your stress. There are no credit checks, risks, or employment screenings. 

Schedule a consultation and let us know your circumstances so we can set up an advance for you today.

Call or text (877) 735-0016 or fill out our form to apply today for free.