Apply NowThe fastest way to start your Inheritance Loan process is by calling Heir Advance's toll-free Inheritance Loan Hotline: (800) 775-8044. You can also submit the below form to apply for your Probate Loan or Trust Fund Advance. Print out the form provided here and fax it to us. One of our Inheritance Loan specialists will contact you shortly. Your Inheritance, whether in Probate or Trust, must be located within the United States or Canada. You, however, may be a resident of any country in the world.
This summer, folks visiting HeirAdvance.com have asked our Probate & Trust
Loan Editor a lot of questions. Here are some of the more interesting and
pertinent queries answered by The Editor:
Are all the states in the US the same when it comes to Probate laws and
Probate Cash Advances?
No. Probate laws may be different from state to state. Rules and
regulations may differ. For example, the time period that potential
creditors have to come forward varies from state to state.
Do I have to pay Federal taxes on my Inheritance?
If federal Inheritance taxes are due, either the Estate or the individual
Heir will be responsible.
Can the Estate and/or I avoid Inheritance Taxes altogether?
That depends upon the total value of the Estate and whether or not there
was any income coming to the deceased from these assets.
If my Inheritance is in a Trust, can the Trust avoid Inheritance or
“Death” Taxes?
No. Trust Inheritance taxes, if owed, must be paid.
Are there any states where there is no tax at all on one’s Inheritance?
Yes. But federal Inheritance taxes may still be applicable.
If I pass away with no Will and have no children, are all my assets
automatically inherited by my wife?
That would depend on circumstances and state Inheritance law, as well as
other variables.
Will a bank, or my credit union, give me a loan based on my Inheritance,
if I’m an Heir of an Estate in Probate?
No it’s too risky for them. No traditional lender will provide a Probate Cash Advance or Inheritance Loan. If my siblings and I have an Inheritance coming to us in the form of a
house and property only, with no cash, can we still apply for a Probate
Loan?
Generally yes, depending on the value of the Estate property, whether or
not its’ for sale, and it’s salability.
If my Inheritance has no liquid assets, but has a house in the Estate,
with a lot of debt, can I still get a Probate Loan?
Probably not.
If I intend to leave my wife and kids an Inheritance, would it be to
their benefit if I set up a Trust?
Yes. Avoiding the Probate process could save some Inheritance costs and
length of time for Trust asset distribution.
Can I get an Inheritance Loan now, if Probate has not yet started, but
we expect it will in a few weeks?
No, but once Probate is open, we can probably help with a Probate Cash
Advance or Inheritance Loan of some kind.
Can I apply for an Inheritance Loan if I am coming into an Inheritance
from my dad but there is no property and no plan to begin Probate at all?
No. The only way we can provide an Inheritance Advance is if the Estate
is in Probate or Trust.
During Probate, if one of the Heirs challenges the Will, does that
prevent me from applying for an Estate Loan, or Inheritance Cash Advance?
Not necessarily. It depends on what the Will challenges are.
Can I get my entire Inheritance in advance as a Trust or Probate Loan?
No. We can advance you an Inheritance Loan which is a percentage of the
total Inheritance coming to you.
Is the time period for Estate Inheritance distribution the same in all
states?
No, Probate laws vary from state to state. The length of time you must
wait for Probate to distribute to get your Inheritance varies by state.
Does Heir Advance Co. provide Inheritance Loans or Trust Advances in
Canada?
Yes, we do provide Probate Loans and Trust Fund Advances for Heirs of
Estates in Canada.
If my Inheritance is in the UK, can I get a Trust or Probate Advance?
No, we do not provide Trust Loans or Probate Cash Advances for Heirs of
Estates in the United Kingdom. Your Inheritance must be a part of an
Estate in America or Canada.
If I refer another Heir from the same Estate my Inheritance is coming
from, can I get a Tell-a-Friend commission? If so, how much?
Yes, if you refer an Heir from the same Estate, and he or she gets a
Probate Loan or Trust Advance from Heir Advance, you will receive a
standard Tell-a-Friend fee. How much depends upon the size of the other
Heir’s Inheritance Loan.
All About Probate: in America & Canada
All About Probate & Wills: in America & Canada
General Info - Trusts
Probate By State
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