Repayment Structure

Monthly Payments: Probate advances typically offer a flexible repayment structure, allowing beneficiaries to receive funds upfront while repaying through a portion of the estate proceeds each month.
Early Repayment: Beneficiaries have the option to repay the advance early, reducing interest costs and expediting the settlement of the estate.

Approval Process

Research potential lenders who specialize in providing probate advances or loans.
Gather all necessary probate information and case documents for review.
Contact the selected companies to inquire about their approval process for probate funding.
Compare the timeline for approval and funding offered by each company.
Evaluate the convenience and efficiency of the approval process to determine the fastest option.

Amount of Funds Available

Evaluate the advance amount: Consider the total advance available and compare it with the original inheritance to determine if it meets your financial needs.

Interest Rates and Fees

When comparing probate advances and loans, it's crucial to consider the interest rates and fees. Probate advance companies typically charge interest on the funds provided, which contributes to the effective interest rate. On the other hand, probate loans may involve different fee structures and interest rates. To determine the most cost-effective option, carefully evaluate the total fees and interest costs associated with each choice.

A Probate Advance vs. Probate Loan: How to evaluate inheritance loan funding companies