Most heirs expect to receive their inheritance quickly and without any issues. The reality however is quite different. Anytime an inheritance has to go through probate, it will likely take months before an heir receives any money. This is because the probate process is very complex and very lengthy.
There are a host of setbacks and delays that can keep your money stuck in probate. The good news is, you can get access to money fast through a probate loan or a probate advance. Let’s briefly discuss the difference between the two.
Probate Loan vs. Probate Advance
A probate loan is a designed amount of money that is loaned to you by a lender while the estate is going through probate. Being that this is a loan, you will be required to pay a monthly payment until the probate process is complete. You will also be charged interest on the loan.
With a probate advance, you will be able to obtain a portion of your inheritance before the probate process is complete. The cool thing about an advance is that you will not be required to make any monthly payments. You will also not have to pay any interest or provide any collateral.
With an advance, there is no risk of nonpayment like there is with a loan. If the estate doesn’t have enough money to pay the probate funding provider, you as the borrower will not be held liable.
If you are looking for a quick, safe, and affordable way to access the money that is rightfully yours, contact Inheritance Loans USA at inheritanceloanadvances.com.
