Inheritance Funding

Inheritance funding is a type of short-term financing that gives you access to the value of the funds or assets you’ve inherited before the decedent’s probate case is closed. Inheritance loans, inheritance advances, estate loans and probate advances are the most common ways that companies refer to inheritance funding, and the terms are often used interchangeably.

There are really two types of inheritance funding:

  • An advance on a your inheritance, known as an inheritance advance.
  • A loan using your inheritance as collateral, also known as an estate loan

Inheritance advance

Also called probate advances or inheritance cash advances, these are the most common type of inheritance financing. You often transfer your right to your inheritance in exchange for a fee, rather than interest though in some cases, interest factors in as well.

Because you’re not actually taking out a loan, you don’t need to worry about repayments or needing strong credit to qualify.

Estate loans

Sometimes called inheritance loans or probate loans, estate loans allow you to borrow against real estate assets that you don’t yet have access to. You receive your funds and repay it plus interest and fees, with your estate considered collateral for the loan.

However, not all “estate loans” work this way sometimes lenders use this term to refer to an advance. Make sure you understand how your lender works before applying.

Compare inheritance advance providers

Find an inheritance funding company by comparing by APR, minimum credit score and loan amount. Select the Go to  button for more information about a particular lender.

Who Offers Inheritance Funding?

Inheritance advance companies

The most common way to get inheritance financing is through an inheritance advance company. These companies buy your inheritance directly from you in exchange for a fee.

They don’t consider your credit history when you apply, and you can get inheritance upfront, within a few days of applying. But these companies can be expensive, charging fees equivalent to those you’ll find with a high-interest loan

Hard money lenders

Hard money lenders are short-term lenders provide loans backed by property. Like inheritance advance companies, hard money lenders don’t consider your credit score.

This option, too, can be expensive, with APRs often higher than other subprime loans. If you’re unable to repay your loan, your lender seizes your estate assets and sells it.


Applying for inheritance financing is more involved than other types of loans. There’s a lot you need to do before you can even start looking at lenders. Typically, you’ll follow these steps:

Step 1: Check with a lawyer

Inheritances and trusts are complicated, often requiring a law degree to fully understand. Talk to a lawyer specializing in these to make sure that you’re legally allowed to transfer your inheritance or take out funding against it.

Step 2: Consult a financial specialist

Tax laws surrounding inheritance are difficult to understand. Make sure the type of inheritance financing you’re looking for is financially worth it.

Step 3: Understand the value of your inheritance

Many lenders require that you stand to inherit at least $15,000 to qualify for an advance or estate loan. Make sure your inheritance meets eligibility requirements.

Step 4: Notify the estate’s administrator or executor

In charge of overseeing the execution of a will, an executor is assigned their position in the will, while an administrator is assigned by court. Inform this person before you apply so that they can take steps to prepare for your advance or loan.

Step 5: Get together your documents

Inheritance financing tends to require more documentation than usual, some of which you might need to get from your loan’s administrator or executor. Build in time to gather this info.

Step 6: Compare lenders

Look at factors like fees, interest rates and loan terms. Also read reviews on sites like the Better Business Bureau (BBB) or Trustpilot to get a sense of what the typical experience is like with this lender.

Once you’ve narrowed it down, try scheduling a consultation or prequalifying to get a better idea of what lenders can offer. Make sure you apply for a loan that fits your needs — do you want an advance on your inheritance, or do you simply want to borrow against it?

Step 7: Complete the application

If you’re applying online, these applications won’t take more than a few minutes. Each lender will have a different set of questions and document requirements. Reach ahead of time to learn what to expect.

Step 8: Read the terms of your advance loan

Look for any hidden fees or other unfavorable terms before signing your advance or loan documents. Don’t be afraid to ask questions if you’re unsure of anything.

Step 9: Sign your documents and receive your funds

You’ll typically receive your funds within a few days of submitting your advance or loan documents. Most banks directly deposit it into your account.

Inheritance financing is an expensive option worth treating as a last resort. Before you apply for an inheritance loan, make sure you understand your legal obligations and what your assets are really worth after taxes.