Quick Summary: Navigating Probate Delays
Since the pandemic, probate court timelines in the United States have increased from an average of 16 months to 24 months. These extended delays often leave beneficiaries waiting years for their inheritance. An inheritance advance provides a solution by allowing heirs to access their funds immediately without waiting for the courts to settle. Because it is an assignment of assets rather than a loan, there are no monthly payments or credit requirements.
Key Takeaways:
- Increased Wait Times: Probate now takes an average of 2 years to complete due to court backlogs.
- Immediate Liquidity: Inheritance advances provide cash to beneficiaries in days rather than months.
- Not a Loan: Advances are non-recourse, meaning the provider is paid directly by the estate.
- No Risk to Heirs: InheritNOW assumes the risk of court delays and estate settlement.
If you’ve ever been involved with an estate after the death of a loved one or friend, you know first-hand that probate is the legal process of settling an estate, and can be painfully slow. During the pandemic, this process slowed to new lows.
For public safety reasons, courts across the country have operated on limited hours with reduced staff or shut down completely. As court systems reopen, the lingering effect on legal processes is clear. In fact, the average probate process in the United States has slowed significantly, moving from an average of 16 months to 24 months to complete.
Overcoming the Probate Backlog
The extended delays in closing estates and distributing inherited assets to beneficiaries have caused many to look to firms providing inheritance advances. While many need the cash to pay for immediate expenses, others simply want to avoid the family drama often associated with a long probate process.
An inheritance advance, often called “probate cash,” can provide funds to any beneficiary with a verifiable inheritance. The most appealing aspect is that it is not a loan, and thus does not require personal repayment or monthly installments.
How to Get Your Inheritance Now
If you are stuck waiting for lagging probate courts, an inheritance advance is an excellent option. At InheritNOW, we allow you to receive your funds immediately. By providing a few details related to the estate, you can find out quickly what kind of advance you qualify for.
InheritNOW assumes the risk and waits for the probate process to close. We are reimbursed directly from the estate only when it is finally settled. You get your money now, while we handle the waiting and the court delays.
If you’re looking for inheritance funding to put your money to work today, contact InheritNOW for an immediate cash advance offer. We look forward to helping you inherit now.
Frequently Asked Questions
Current data shows that the average probate process has increased from 16 months to approximately 24 months due to pandemic-related court backlogs and staffing shortages.
Many courts are still dealing with a significant backlog of cases from periods of limited operation. Combined with reduced staff and an increase in filings, many estates are stuck in the system for two years or more.
Yes. An inheritance advance allows you to receive a portion of your distribution immediately. This is not a loan, so you don’t have to worry about the court’s schedule or making monthly payments while you wait for the estate to close.