Are you lucky enough to have a rich aunt, wealthy parents, or even a lottery-winning grandparent? Then you might have inherited a sum of money from a deceased dear one either directly or through probate. But you need cash now. And you are not sure where to turn? Reading this article may help!
Inheritance Money is often a significant sum, but it is not always immediately available. The average time taken to access an inheritance is 12 months. Due to the time, it takes for probate to be granted. That means your inheritance money will be useless in your immediate fund, needed to help your financial situation. One option is waiting for probate to be granted. And another option is to seek help from an inheritance cash advance company.
What is an inheritance cash advance?
The Inheritance Lender provides a short-term cash advance against a future inheritance. The inheritance cash advance is secured against the borrower’s entitlement under a will.
How it works and why an inheritance cash advance could be right for you.
It might be because you need money to fulfill a lifelong ambition. Or because you are left with bills that need paying after the recent death of a loved one. Whatever your reasons for needing extra money, there is a way to get access to it quickly when you need it most.
All you need to know is:
An inheritance cash advance is an easy process.
Requesting an inheritance cash advance with your inheritance is easy. The application process can be completed within a few minutes, and the money will be available for use within 24-48 hours.
Taking out an inheritance advance loan is a great way to access the money you have coming to you. It’s important to know the dos and don’ts. To avoid any issues in the future, you must know what you are entitled to when it comes to your inheritance. There are strict rules governing inheritance loans, but if you’re aware of them upfront, there shouldn’t be any problems when you apply.
Most people receive a lump sum cash immediately after their loved one passes away. Known as a pre-grant charge, this is usually valued at 20% of the total estate value. The remaining 80% has to wait until after probate has been granted. With the help of an inheritance cash advance company, you can receive up to 60% of the inheritance cash value depending upon the lender terms.
An inheritance cash advance company will get a part of your potential inheritance. While the property or asset is being processed by the courts.
You will never have to pay interest, put up security, or make payments as you would with a regular lender or an inherited loan. A fixed-rate will be charged by an inheritance cash advance provider. They will absorb the loss rather than have you pay if they discover there is not enough money in your inheritance to compensate them.
Benefits of applying for an inheritance cash advance
1. No Credit Checks – No matter what your credit history is like, whether you are a homeowner or not. No credit checks will be carried out on any member of the family that may inherit the funds.
2. No repayments – You do not need to make any repayments on the funds we advance until you receive your inheritance funds.
3. No charge over property – An inheritance cash advance company will not place any charge over real or personal property as security for repayment of their loan.
4. The value of your inheritance remains intact, will not reduce in value and you don’t have to sell any assets to receive the loan.
5. You even don’t need a will to receive an inheritance cash advance from the firm.
To keep in mind:
You must understand the facts about inheritance advances before choosing where to apply for your loan. There are lots of companies out there offering these services, but not all of them will give you the same benefits as others. The key thing to look out for is whether the inheritance cash advance company will offer you flexible payment terms. Check if the terms are ideal if you want to take your time paying off your loan or necessary expenditures like medical bills or funeral costs.