A probate cash advance is not a loan. Instead, it is an advance on an inheritance that the heirs can use. It is interest fee, and requires no repayment schedule at all.
The probate cash advance is only assigned based on the heir's portion of the inheritance, not on the estate as a whole. That means it has no impact on the other heirs to the estate. It is useful in several different circumstance. It might be that the heir is cash-strapped and needs the assets relatively fast. That would be a situation where a probate cash advance might be helpful. Or, perhaps the estate's funds are tied up in maintaining real property, but lacking liquid assets. In a circumstance like this, a probate cash advance might also be desirable for the heir.
In these or similar situations, it is a good idea to check out the Inheritance Funding Company. They can help you consider your options, and decide what is best in your situation.
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