Nowadays, liquid cash is an essential thing. It does not really
matter if you are the single heir to a very large estate. Getting it
encashed would take you a long time after the descendant has deceased
and after all the formal processing has been done. The best solution to
this problem is the inheritance advance concept through which the heir
to the estate gets the cash right way without any delay. Through this
process, the heir gets the advance amount from the distributed amount
without having to wait for a long period of time.
An inheritance
advance policy gives the heir an option to choose whether he wants the
entire amount or wants them in parts in a matter of just three days. The
best thing about this feature is that you don't have to worry about any
hidden cost or additional charges for availing this facility. Since
this is not any type of a loan there are no approvals required and the
heir does not have to worry about repayments. Only the probate or the
processing fees have to be paid, which depends on the size of the state
and also the amount of money being claimed at once.
The Process of Inheritance
The
possession of the deceased first goes to the probate court process. If
the heir wants to claim the possession, referred to as estate, then he
can avail the inheritance cash advance policy. The concept behind this
policy is very simple. Once the state is ready to be distributed, the
investor's amount is cleared off from that amount. The remaining share
of the heir, if any, is also cleared off during that point of time. The
personal representative of the heir would take care of filling of tax
returns and payment of bills which depends entirely on the state
government once the probate process of the court is closed.
Eligibility for Inheritance Cash advance
The
inheritance cash advance feature does not affect the share of the other
heir if any involved in the distribution of the estate. The transaction
is made strictly between the investor and the concerned heir. The heir
just requires proper verification and paperwork to get his share at the
earliest.