What Is an Inheritance Advance?

Description : An inheritance advance is a financial product that allows heirs or beneficiaries to receive a portion of their expected inheritance, often within days, instead of waiting months or years for the probate process to conclude. Unlike a traditional loan, an inheritance advance is non-recourse: if the estate ultimately distributes less than expected, the funding company absorbs the shortfall. Because repayment comes only from estate proceeds, heirs make no monthly payments and assume no personal liability.