Disclaimer: Consumer legal fundings and advances are not loans under applicable financing laws. Rockpoint’s products are non-recourse, meaning if you don’t win your case, you don’t have to pay us back. Receiving financial support in connection with a legal case is typically (and oftentimes incorrectly) referred to as a “lawsuit loan” or “loan.” Therefore, for the ease of search references, these terms may be used in this context to refer to our funding products, but we maintain our separateness from consumer loan products in all legal aspects.
If your family can’t cover a loved one’s funeral costs, a probate advance service can help by providing an inheritance advance. This is welcome news, especially considering that, in 2024, the median cost of a funeral that includes a viewing and a burial is just over $8,000.
So, how long does it take to get probate funding through a lender like Rockpoint Probate Funding? The answer to this question depends on many different factors. Aim to work through the inheritance advance approval process as quickly as possible so funeral costs and other expenses don’t negatively impact your family’s finances.
What Is the Probate Funding Timeline?
The probate funding timeline changes based on which lender you choose to provide an inheritance loan. Not every company is going to take the same approach to approving families for probate advances.
If you’re in a hurry to land a probate loan, consider applying for one through Rockpoint Probate Funding. This lender has an easy process. You can expect the probate funding timeline to go like this:
- You begin by applying for a probate loan.
- You send basic information about yourself and your expected inheritance to Rockpoint.
- You allow Rockpoint to review your application.
- You find out whether Rockpoint has approved your application.
- You receive your probate loan from Rockpoint if you’re approved.
As long as everything goes according to plan, this funding timeline should only take a few days. You’ll be pleasantly surprised to see how fast the company’s disbursement speed is, especially when you’re going through the notoriously slow probate court process at the same time.
Which Factors Impact How Long It Takes To Receive Probate Funding?
While Rockpoint’s funding timeline is typically quicker, several key factors can affect it. Based on these factors, you may need to spend extra time working on securing a probate loan.
The Information You Provide When Filling Out a Probate Loan Application
When filling out an application, you won’t need to provide too much information to a lender like Rockpoint Probate Advance. This information will include items like:
- Your name
- The most reliable ways to contact you
- The name of the loved one who left an inheritance for you
However, you must be careful not to forget to include any of the necessary information. If you do, it could change the answer to the question, “How long does it take to get probate funding?”
The Questions a Lender Has About Your Inheritance Advance Application
There is a chance Rockpoint might have questions for you once you’ve submitted an application for an inheritance loan. For example, they may ask for more information about your loved one and/or their will. They might also ask where your family is at in the probate process and when you expect estate settlement to occur.
If there is any uncertainty about when probate will end or how much you’re set to receive as an inheritance from a loved one, it may delay the application process. Gather as much information as you can before applying.
The Terms Attached to Your Probate Advance Offer
You’ll play at least a small part in answering the question, “How long does it take to get probate funding?” If you’re not sure about the terms attached to a probate advance offer, you might want to take time to think about them further. This can slow the process down and cause it to drag out for much longer than anticipated.
That said, don’t feel like you have to rush to an agreement with Rockpoint. If you’re concerned about the terms attached to a probate loan, bring them up during a discussion with a Rockpoint representative.
How Can You Speed Up the Inheritance Funding Process?
If it’s important for your family to receive an inheritance advance fast, you can help speed up the process. Discover how to do this to prevent delays.
Send the Requested Information to Rockpoint From the Start
Rockpoint will not ask you for too much information when filling out a probate advance application, so be sure you provide everything they ask for.
This will help you avoid having to go back and forth with a Rockpoint representative again later. It will also ensure the lender has enough information to make an educated decision about whether to give you a probate advance.
Double Check the Information You Send to Rockpoint for Accuracy
Don’t hurry through a probate loan application and submit it without going back over it at least once and possibly two or three times. Check the information you’ve provided for accuracy to steer clear of having your application denied due to errors.
Set Aside Enough Time To Review a Probate Advance’s Terms
After Rockpoint has reviewed and approved your application, the lender will send you an offer letter with terms for a probate advance. Give yourself enough time to review them so you can decide if you’d like to move forward with this advance in a timely fashion.
Seek Approval for a Probate Loan Through Rockpoint Probate Funding Today
There isn’t a definite answer to the question, “How long does it take to get probate funding?” You can, however, keep the application process for probate funding moving along by using each of the tips we’ve provided. They can help your family manage immediate expenses like funeral costs more easily.
Give Rockpoint Probate Funding a call at (888) 263-8588 to see whether an inheritance advance is the right option for your family.
