If you are waiting for your inheritance payment to be approved by the probate court, it can be frustrating when you need the money urgently. This is where a probate advance can come in handy, and there are many reasons why it can benefit you.
Interest-Free
Many people are not aware that they do not have to pay interest on a probate advance. Instead, there is a flat fee paid when the estate pays back the original amount. This means that even if your inheritance takes a long time to be approved by the court, you do not accumulate interest charges.
Not A Loan
A probate advance is not a loan. There are no monthly payments to make, and no credit check is required. As soon as the identification paperwork is completed and the inheritance is verified, you can get an approved probate advance in Alaska. It is paid back in one lump sum when the estate receives the inheritance funds.
Not Responsible for Repayments
Technically speaking, you are not obligated to repay the probate advance. The estate that receives the inheritance is responsible for paying back the funding, so if the inheritance is lower than expected or falls through entirely, you are not liable for repayment. The funding company bears the loss.
For more information, please contact Inheritance Loans USA.
