In some cases, geographical issues may complicate estate assignment. For example, estates held in other countries generally cannot be assigned. However, those held in different states are usually able to be assigned. [2] X Research source
Even though the amount inherited is considered, inheritance advance lenders don’t take your credit score into consideration. So don’t worry if you don’t have stellar credit, you will still get the advance if the rest of your information checks out. [4] X Research source
This has to be done because the lender’s right to your inheritance is moved to the “end of the line” for receiving funds from the estate. This means that they will be paid after all of the other heirs on the estate receive their payouts. [6] X Research source
An official death certificate for the deceased A copy of the will Any probate court documents or letters Documentation of the appointment of the estate administrator A certification from the administrator of the amount of your planned inheritance Your identification (driver’s license or similar)[7] X Research source
Alternately, you can ask an attorney or the estate administrator for lender recommendations. Once you have a few advance offers, compare the interest rates and terms from several lenders and pick the best one for your situation (usually the one with the lowest interest rate). [9] X Research source Make sure to assess whether or not potential lenders are reputable by searching for reviews or accreditations for the lender online. Check out organizations like the Better Business Bureau to determine if the lender is reputable. [10] X Research source
If the estate is large and easy to liquidate, your chances of getting an advance are better than if it’s a smaller estate. [15] X Expert Source Jonathan DeYoe, CPWA®, AIF®Author, Speaker, & CEO of Mindful Money Expert Interview. 15 October 2020.
If you have bad credit, there are still several several options available to you.
