• Estate Planning & Probate

    Posted on April 28th, 2011

    Written by sslates

    Tags

    It can be exciting when your name comes up as the heir of an estate, but can be equally frustrating when you learn that the process of receiving an inheritance can take a much longer time than you were aware of.  A probate cash loan advance can help.

    Most estates must go through a probate process, or the process through which the property and other assets of the deceased are passed on to the heirs.   Once the estate files for probate, it kicks in a long process that involves several hearings.  There are notices and letters to be sent to creditors as well as letters sent to the Department of Health Services Estate Inventory and Appraisement.

    This process isn’t as simple as it appears.  Even if the deceased left a will, making all his inheritance plans clear, and even if there aren’t too many heirs involved, the probate process can still take several months to complete.  On an average, a probate process could take between 18 and 24 months to complete.  You could be looking at an extra-lengthy probate procedure if your case is complicated and involves several heirs, disputed assets and other complexities.

    During this period of time, you may be left with no access to your inheritance to meet expenses.  A private cash loan advance can help you meet your financial expenses during the probate process.  The cash loan is easy to obtain. You can use this cash loan for any number of purposes:

    • You can pay your bills.
    • You can pay off your mortgage.
    • You can use the probate cash loan to pay off debts that have piled up.

    Traditional lending establishments do not provide loans on your inheritance.  These loans are seen as risky, and only a firm that specializes in probate cash advances can offer an inheritance cash loan.

    There are limitations on the size of the loan you are eligible for.  For instance, you may not be eligible to receive the entire inheritance amount.  However, you would be eligible to receive a percentage of the inheritance amount as a loan.

     

    Share
    This entry was posted on Thursday, April 28th, 2011 at 11:54 am and is filed under Estate Planning & Probate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
  • 0 Comments

    Take a look at some of the responses we've had to this article.

  • Leave a Reply

    Let us know what you thought.

  • Name (required):

    Email (required):

    Website:

    Message: