An inheritance advance is the purchase of an agreed-upon percentage of your expected inheritance that allows you to receive funds immediately, without waiting for the lengthy probate process to close. It is not a loan. Because it is a purchase, you are not required to make any monthly payments or repay any of the amount you receive. Repayment is made to InheritNOW directly from the estate when the probate process eventually closes. InheritNOW assumes the risks related to how long the process takes and how much your actual inheritance is.
Anyone legally entitled to inherit assets from an estate may qualify for an inheritance advance. If you aren’t sure how much you will receive or your standing as an heir, we can help you evaluate your inheritance eligibility at no cost to you.
No, an inheritance advance for one beneficiary does not affect the inheritance of any other beneficiary. Rest assured, your advance is settled directly with the estate and will not alter the final distribution amounts for other heirs. In fact, it’s not uncommon for more than one beneficiary to receive an inheritance advance.
Yes, it is possible to get an inheritance advance even if there is no will in place. The rule that applies when there’s no will is called intestacy. As specialists in estate funding across the U.S. and Canada, InheritNOW has extensive experience navigating the laws of intestacy in your jurisdiction to help determine your eligibility for an advance.
No, you do not have to pay back an inheritance advance, as it is not a loan. You are not required to make any monthly payments or repay any amount of the advance you receive directly to us. Repayment is made to InheritNOW directly from the assets of the estate after the probate process closes.
If your inheritance is reduced due to new information or another will, that change will not affect you or the money you have already received. We enter into a contract with you based on what we establish your inheritance will be. Once we make an advance, that money is yours. This is a risk that InheritNOW takes.
Yes, any beneficiary, including those who are also serving as the executor or personal representative, could receive an inheritance advance. Your role as the executor does not disqualify you from accessing the funds you are entitled to as a beneficiary.
We can typically get your inheritance advance to you in 1 to 2 days, and sometimes even within as little as 8 hours, once approved. We’re able to give you a more accurate estimate after a quick, no-obligation review of the details of your inheritance.
No, there is absolutely no cost to apply or to consult with us regarding your potential inheritance advance. We believe in full transparency, and you won’t incur any out-of-pocket expenses throughout the application process.
InheritNOW is paid directly from the proceeds of the estate only after the probate process has been finalized. We provide your advance quickly, and then we wait for the estate to close. At that time, we are paid based on the agreed-upon percentage of the inheritance from the estate’s funds.
Don’t worry, if the actual inheritance at the end of probate is less than what we projected, we take the loss and you will not owe us any money. We enter into an agreement with you on the advance amount based on our expert evaluation. If the inheritance falls short, you are protected.
No, any cash we have advanced to you is not affected by a probate delay, no matter how long it takes. We understand the typical length of time it often takes to close probate, and we wait as long as necessary without any impact on your received funds.
No, we do not check your credit history, so your rating has no bearing on our inheritance advance agreement. We only consider the assets of the estate, your specific inheritance, and your legal standing as a beneficiary to the estate.
An inheritance advance does not cost you anything out of pocket, as our fees are deducted from the inheritance upon the estate’s closing. Our fees, which are calculated as a percentage of the total advance amount, are fully transparent and will be provided in your agreement before you proceed. This percentage will vary based on the details of each estate.
No, an inheritance advance is generally not considered taxable income because it is viewed as the purchase of a pre-existing asset (your future inheritance). Since the advance is a realization of an already anticipated asset, it is typically treated as a capital transaction, not as earned income or a loan. However, we always recommend consulting with a qualified tax professional regarding the specifics of your situation and jurisdiction.
Yes, while we review every application individually, we generally require the beneficiary’s expected inheritance share to be at least $3,750 to qualify for an advance. This threshold allows us to effectively manage the probate process and associated costs. We recommend contacting us to discuss your specific inheritance size, as we can often find a solution.
An inheritance advance differs significantly from a traditional personal loan because it involves no repayment obligations or debt for the recipient. With an advance, InheritNOW assumes all the risk of probate delays or a smaller inheritance. With a traditional loan, you are personally responsible for monthly payments regardless of the estate’s status, and the loan amount plus interest must be repaid.
No, InheritNOW is able to provide inheritance advances for most states with the exception of Maryland, Connecticut, and Virginia and most Canadian provinces. We have established relationships and expertise across numerous jurisdictions, allowing us to process and fund your advance efficiently regardless of where the estate is located. You can check our detailed Probate in the USA and Probate in Canada pages for state-specific information.
