Buying across the Mid-Atlantic and beyond Arlington: meetings by appointment
Free written comparisonNo obligationBuyer, not your agent Call or text 276-285-1000 Text us

Glossary

Probate / Inheritance Advance

Published by Residios · Editorial standards

Publication date not recorded · Updated

Named author and professional reviewer: not confirmed. Updated dates are site records, not evidence of an attorney or tax review.

A purchase of part of an heir's future inheritance for cash now, not a loan. Usually non-recourse, but the flat fee can hide a very high effective cost.

Probate advances are sold as convenience: get cash now without waiting for the estate to close. The cost, expressed as a flat fee rather than an interest rate, can be enormous when annualized, research has found effective rates exceeding 200% APR when probate is close to closing. The closer probate is to finishing, the worse the trade. Ask your probate attorney how long the estate will take before considering one.

Read more in the Field Guide:

← Back to glossary

Want a plain-language review of your situation?

A Residios Home Transition Review gives you clear options, including the ones no buyer will volunteer.

Get a free review