An Inheritance Cash Advance payment, also known as an probate cash advance payment, is a financial arrangement where an individual or a company provides a lump sum of money to an heir or beneficiary before the estate is fully settled. Essentially, it’s a way to access a portion of your inheritance ahead of the estate’s distribution process. Unlike loans, inheritance advances are based on the value of the estate rather than the credit-worthiness of the applicant.

No, an inheritance cash advance payment is not a loan.

When navigating the complex landscape of estate settlements, you might encounter various financial options, including inheritance advances. While these advances share similarities with loans, they are fundamentally different. If you receive an inheritance cash advance it will be a lump sum payment and you will reassign the agreed portion of your inheritance to the buying party. You do not have to make any repayments. The buying party will receive payment direct from the estate when probate is cleared. 

Read more about the key differences between an Inheritance Cash Advance payment and loan on our Blog 

1. Inheritance Profile 
   The process begins with the heir creating an Inheritance Profile, and uploading documentation to support the inheritance claim. This will require details about the deceased’s estate, including the value of the inheritance and the expected timeline for estate settlement. This information is not yet public. 
   
   
2. Risk Assessment
   Panoptic will undertake assessment and validation of the Inheritance Profile details and rate the Inheritance Profile against our Risk Matrix, which will provide guidance to buyers interested in the purchase. This information is now public, and can be bid on by buyers.
   
   
3. Bids
   The Inheritance Profile can now receive bids from interested buyers. The bid amount will be less than the total inheritance to account for risk and fees that will now be held by the buyer. The heir will receive notification and details of any bids. The heir can then accept or reject a bid.
    
4. Binding the Bid 
   If the bid is accepted by the heir, Panoptic will send through contract details between the heir and the buyer as the legally binding agreement.  Once this is signed by both parties, Panoptic will:
   - Request financial deposit details from the heir, and securely provide to the buyer.
   - Submit the contract with the registered probate attorney and/or probate court, as required.
    
5. Payment 
   Upon the signing of the contract and receipt of financial deposit details, the buyer will make payment direct to the heir.  Panoptic will facilitate the financial exchange via the Panoptic Finance – The Inheritance Exchange website, for record. 
   The buyer will make a lump sum payment to the heir. There are no repayments. An inheritance advance payment is not a loan and does not have any loan repayments attached to it.  The buyer will receive the agreed inheritance payment direct from the estate on settlement, as per the contract assignment.

Since the Inheritance Cash Advance payment is based on your expected inheritance rather than your credit history, you can obtain funds even if you have poor credit or limited financial resources.