Inheritance cash advances allow beneficiaries to receive money using inheritance property as collateral. Heirs should not confuse inheritance cash advances with loans that need to be repaid. Heirs are not borrowing money; instead they are selling their claim to the decedent’s estate.

Two methods exist for obtaining inheritance cash advances. The first involves locating cash advance companies that offer estate funding services. The second involves locating private investors or investment groups which act as funding sources.

A variety of inheritance advance providers can be found by typing in “inheritance cash advances” using your favorite search engine. To locate private investors, type in “investors who provide inheritance cash advances.” Both search terms will help you locate resources. However, you must engage in due diligence to ensure you are working with a legitimate cash advance company.

When cash advance companies or investors provide funds using inheritance property as collateral, they become part of the estate’s list of creditors. Heirs are not responsible for repaying inheritance cash advances. Instead, the estate makes restitution if sufficient funds are available after paying all other creditors that have made a claim.

Inheritance funding sources submit proof of their claim to the estate administrator. The administrator adds this debt to the list submitted to the probate court. Once the probate process is complete, funding sources are paid.

Beneficiaries don’t need to worry about monthly payments or paying high interest rates for inheritance cash advances. Even if the estate becomes insolvent after probate court costs, heirs are not responsible for the repayment of the advance. The exception to this rule is if heirs falsify information which can be proven in a court of law.

Investors provide a lump sum cash payment to heirs less a one-time fee. Funds are usually distributed in less than one month, rather than the months or years after the estate has been probated. Heirs are free to spend the money in whatever manner they choose.

The probate process is time consuming and expensive. Attorneys can bill by the hour and charge their time to the estate. Beneficiaries are paid after attorneys, court fees and creditors. It is not uncommon for heirs to receive nothing after the probate process is complete.

By obtaining inheritance cash advances beneficiaries can ensure they receive some inheritance money from the estate. Beneficiaries must provide investors with credit information, the decedent’s Last Will and Testament and other probate documents.

Applicants must undergo an application process to ensure they do not have outstanding judgments or liens that could interfere with repayment of the cash advance. Heirs with outstanding child support, alimony, tax liens, creditor judgments, or bankruptcy petitions cannot receive inheritance cash advances.

Inheritance cash advances can range from $5,000 to $250,000, or more. Most funding sources restrict inheritance cash advances to no more than one-third of heirs’ total inheritance. For example, if heirs are entitled to $100,000 in cash their advance would be limited to $30,000.

Advance cash fees can range between 10- and 40-percent. Using the above example, funding sources could withhold between $3,000 and $12,000 for providing the cash advance. Careful consideration should be given before transferring inheritance property rights to funding sources. Always conduct thorough research to ensure you are working with a reputable funding source or private investor.

Author Bio: Simon Volkov is a private investor residing in California. He offers inheritance cash advances to qualified heirs and beneficiaries. Simon has navigated the probate courts and can help estate administrators streamline the process. Learn more about selling inheritance property by visiting www.SimonVolkov.com.

Category: Finances
Keywords: inheritance cash advances,probate,inheritance funding source,cash for inheritance,inheritance money