Did you know you might not gain access to an inheritance a loved one left behind for you in their will for months and maybe even years in some cases? The probate process often takes at least six months to a year, and it isn’t uncommon for it to last much longer than that depending on the size of a person’s estate and any disputes that start over the assets included in it. If you can’t afford to wait for an inheritance, a probate advance could serve as the perfect solution to your problem.
So, what is a probate advance, how does one work, and what are the benefits of securing one? Learn everything you need to know about a probate cash advance below.
What Is a Probate Advance?
A probate advance, which is often referred to as a probate cash advance or an inheritance advance, is a cash advance you can qualify for if you’re in line to receive an inheritance from a loved one. You can secure the money you need now from a third-party lender in the form of a probate advance in exchange for a flat fee or a percentage of the inheritance you acquire down the line.
Probate advances, like the ones offered by Rockpoint Probate Funding, have become popular among those who end up stuck in the probate process for longer than expected after a loved one’s death. You can eliminate the financial burdens that can sometimes come along with this process by looking into qualifying for a cash advance.
How Does a Probate Advance Work?
Each third-party lender has its own steps you’ll need to take to secure a probate advance. At Rockpoint Probate Funding, we make it extremely easy to find out if you qualify for a probate cash advance with very little effort.
Here are the steps you’ll go through when you’re in search of a cash advance from us:
- Touch base with Rockpoint Probate Funding to schedule a free consultation with an experienced representative.
- Ask us questions about probate cash advances to see if one is right for you.
- Provide us with a copy of your loved one’s will and any probate paperwork you have so we can review it.
- Hear back from us about whether or not you qualify for a probate cash advance.
- Receive a cash advance in as little as just 24 hours if we find you qualify for one.
From there, you’ll simply need to arrange to repay a probate advance once you receive an inheritance from a loved one. You won’t have to worry about the probate process dragging on anymore when you reach out to Rockpoint Probate Funding for help.
What Are the Benefits of a Probate Advance?
If you aren’t in a hurry to receive an inheritance from a loved one, you might not need to explore qualifying for a probate advance from Rockpoint Probate Funding. If, however, you could use a financial lifeline right now, we’re here to help you with probate cash advances.
You’ll enjoy many benefits when you take advantage of your ability to apply for a probate loan. Here are just a few of them:
- Prevents you and your family from rushing through the probate process and making costly mistakes
- Enables you to gain access to the money you need at the moment to cover any costs you’re facing
- Stops you from engaging in disputes with family members over the probate process and how it’s playing out
If you happen to be the executor of a person’s will, you can benefit from a probate cash advance even more than usual. Serving in this capacity can take up a lot of time and force you to put in a significant amount of effort. You might receive compensation for it in certain instances, but if you don’t, an inheritance advance will feel like you’re making money for carrying out your executor duties.
What Can I Use a Probate Advance For?
You can use a probate advance for just about anything you want. Think about how you plan to utilize an inheritance from a loved one, and there is a good chance you can use a probate cash advance in this same way.
Some people use probate advances to pay down debt and save money on interest. Others use them to cover medical costs or take care of important home improvement projects. You may need a portion of this money to cover funeral costs and other expenses occurring after your loved one’s death. You’re welcome to put an inheritance advance to work however you would like.
Contact Rockpoint Probate Funding To Discover More About Our Probate Advances
A probate advance from Rockpoint Probate Funding can help you during a very difficult time in your life. If you’ve just lost a loved one and could benefit from an inheritance advance, don’t hesitate to call us for help. Contact us at (888) 263-8588 today.
