Estate & Probate Loans

Specialist finance to help you distribute an estate when losing a loved one.


Distributing an estate after someone dies can be a lengthy and challenging journey. Many estates are cash poor but real estate rich so you may not have the money required to cover inheritance taxes and legal costs, or you may simply require the much-needed funds to address your own financial situation quicker than having to wait for the estate to be settled.

 

Inheritance and probate funding provides quick short term financial solutions for people who are navigating the financial challenges of inheritance, probate and estate administration. 

Benefits of Estate & Probate Loans

Types of Estate & Probate Loans

Inheritance Loan

If you are the Beneficiary of an estate it can take up to 12 months before you have access to your inheritance. An inheritance loan gives you the option to receive up to 70% of your inheritance within a few days and can be used to help with a variety of things such as paying of your mortgage or other debts, going on holiday, or covering education costs. The loan is available pre and post grant of Probate / Letters of Administration and regardless of whether there is a valid will or not.


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Estate Loan

An estate loan provides financial relief to executors and personal representatives who can’t fund the cost of administering an estate. It can cover up to 100% of your eligible testamentary expenses and can be used to ease the burden of the costs of the funeral, house clearance, and solicitor/probate fees to name but a few. The loan will be repaid from the estate proceeds. After you’ve received the funds and paid all of the expenses, the loan will be repaid from the estate proceeds. 

Inheritance Tax (IHT) Loan

It can take up to 12 months to administer an estate, but inheritance tax (IHT) needs to be paid within 6 months from death. Probate can’t be obtained without paying the tax but without probate you can’t sell assets within the estate to raise the funds to pay the tax. An IHT Loan provides finance to someone who is unable to pay an inheritance tax bill. The lender will directly pay HMRC the outstanding inheritance tax that is owed which will then allow you to obtain the grant of probate and avoid any penalty charges from HMRC.

Inheritance Dispute Finance

Inheritance dispute finance is a specialist loan to cover the legal costs that are occurred by challenging an inheritance where a beneficiary believes that they are not receiving the inheritance they are entitled to. Disputes can arise for a number of reasons including where a spouse or child has been left out of a will, where funds have been unevenly distributed or where the beneficiaries believe the will was written under coercion.  

   

If you require financial help to navigating the challenges of inheritance, probate and estate administration get in touch with us today to see how we can help.


   

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