Inheritance Loans | Probate Loans

Inherited some money but need cash now? An inheritance advance gives heirs immediate access to their money, often in as little as 3 hours.

Probate Loans: Immediate Cash To Heirs

TriMark Legal Funding is one of America’s leading inheritance loan companies. We provide immediate inheritance loans to heirs nationwide, often in as little as 3 hours.

Probate loans and inheritance loans word cloud.

Probate is the last thing anyone wants to deal with after the loss of a loved one.  With an inheritance loan, you can at least use the money to cover your costs in between.

Probate has a reputation for lasting just short of forever. While that might be a bit extreme, a typical probate process can take up to 24 months. That’s a long time for heirs to wait for money that was rightfully left to them by a loved one. 

Probate is a requirement for many estates, and it can be a lengthy, confusing, frustrating, and time-consuming process.

If you are an heir or beneficiary, you should familiarize yourself with how the probate process works and the probate timeline that is involved with probate.

If you’re like many heirs, it is probably a relief to understand that once probate has been opened, you have the option to receive some of your money now – from $5,000 up to $250,000 – when you request an inheritance advance from TriMark.

A probate cash advance could provide the money to finally take care of bills or other financial necessities while your loved one’s estate makes its way through the lengthy probate process.

An inheritance cash advance can be the perfect solution for any estate heir that needs some of their money right away.

If you are an heir and have a reasonable expectation that you will inherit a minimum of $15,000 from an estate in probate, you probably already qualify for an inheritance advance.

You can get caught up on bills, get out of debt, make up for shortfalls caused by COVID-19, pay for college, start a business, buy a new vehicle, take a vacation or invest it for your future. It is your money so you are the only one who gets to decide how you will use it. 

Call (877) 932-2628 now for your free, confidential consultation, and top-dollar quote!

Request a free quote

Tell us how we can help and one of our team members will contact you shortly.

    What is an Inheritance Loan?

    Inheritance funding goes by many names including inheritance loan, inheritance advance, probate loan, estate loan, and inheritance cash advances. Although some of these terms are a bit of a misnomer, they all refer to the same thing and are used interchangeably.

    While they are sometimes referred to as loans, the inheritance advances that TriMark provides are not really loans at all because you never have to pay them back like you would a traditional bank loan.

    They are cash advances on the future money that will be rightfully yours after probate closes. After the close of probate, the advance amount is simply deducted and the rest of your inheritance money is disbursed directly to you.

    TriMark can typically advance up to 35% of the money you are expecting to receive instead of waiting for the end of probate, which can drag on for years. You’d be lucky if the court proceedings last between six and nine months. But the entire process can take one to two years, even longer in some states.

    The amount of money you can receive is based on your share of the estate and how much you are going to inherit. The process is completely hassle-free and

    Ready for your free quote? Click here or call (877) 932-2628 now.

    How Does the Probate Process Work?

    Probate is a legal process where a deceased person’s possessions and assets are consolidated and distributed among rightful heirs. Heirs are usually determined by a valid will left by the decedent. If a valid will is lacking, the estate will be distributed according to rules under state law. The rules give priority to creditors, family members, caretakers, and the like. Each state has its own laws for Probate courts. 

    Many states currently use all, or parts, of the Uniform Probate Code

    Factors that can affect the time it takes for a Probate to close include the sale of real estate, taxation, disputes between heirs regarding the will or estate distribution, external or internal disputes on the estate, type of assets included in the estate, mandatory creditor claim period (approximately 90 days), and the efficiency of the Personal Representative and estate attorney in closing the Probate and distributing the assets to the heirs.

    How Does an Inheritance Advance Work?

    A probate advance is a simple three-step process.

    Apply

    You can apply online or call (877) 932-2628 and speak with one of our inheritance funding specialists who will be happy to give you a quote right over the phone.

    Review

    We will review the paperwork and after approval, we will send a funding agreement to you via FedEx Overnight.

    Fund

    After we receive your executed documents, we will wire funds directly into your bank account within 24 hours.

    A Note on Inheritance Taxes

    While estate tax is settled from the deceased’s estate during probate, inheritance tax is paid after you receive the funds. Naturally, the remainder of your share will exclude the amount of inheritance tax, which you must pay if your state has inheritance tax laws. 

    If you’re from any of these six states, the law requires you to pay inheritance tax. The rates depend on your distributed assets’ worth.

    • Iowa – 0%-15%
    • Kentucky – 0%-16%
    • Maryland – 0%-10%
    • Nebraska – 1%-18%
    • New Jersey – 0%-16%
    • Pennsylvania – 0%-15%

    Use this information to estimate the remainder of your share after getting a loan against your inheritance.

    If you’re not from these areas, here’s some good news! The latest tax bill raised the cap for the amount you can inherit tax-free from either of your parents: from $10.98 million to $22.4 million.

    Eligibility Requirements

    To increase your chances of approval, review the eligibility criteria. First, the qualifying assets should be worth $15,000 or more. That’s it. We don’t check your credit, income, or employment history.

    Next, the probate estate should already be open or about to be opened. If it hasn’t been opened yet, we can help with that.

    Since most counties have online records retrieval, we can usually just download all the documents we need to review your application.

    What Are the Benefits of Inheritance Funding?

    Our minimum and maximum payouts are $5,000 and $250,000, respectively. Once you receive your inheritance advance, it is up to you to decide how to spend the hefty sum in your hands. 

    Here are some ways you can benefit from your cash advance:

    • Get caught up and current on bills if COVID-19 caused you to fall behind
    • Pay off debt such as medical bills, and long-term debt like student loans or your mortgage
    • The probate process can sometimes bring a major financial burden, derailing those who are living paycheck to paycheck. Inheritance loans are a great way to cover monthly expenses if you’re experiencing a tight situation.
    • Use as a down payment for a new home
    • Fund a new business start-up or other major expenditure

    Still have questions?

    Call (877) 932-2628 and speak with one of our legal funding experts.

    * Word-Use Disclaimer

    Legal funding is not a loan. It is the non-recourse purchase of an equitable lien in plaintiffs’ legal claims. Words such as ‘loans,’ ‘lending,’ ‘borrow,’ etc., are used for marketing purposes only.
    More info

    TriMark Legal Funding LLC
    1056 Green Acres Rd #102
    Eugene, OR 97408

    Exit mobile version