The Pros and Cons of Inheritance Advances
Millions of wealthy Americans have drafted wills which transfer their fortunes to their children and grandchildren. However, any American who has inherited real estate or money from their deceased owners will indicate that the process is both costly and time consuming. Some Americans only receive their inheritance after several months, or even years, of negotiation with an seemingly endless army of judges and lawyers; very few Americans receive their inheritance without encountering these probate problems. Luckily, many Americans have managed their finances so well that they can survive without inheritance advances, inheritance advance loans, and other inheritance loans; they regard the gifted money as a luxury more than a necessity. However, other Americans are either less lucky or less responsible; their spending either exceeded their income (perhaps because they failed…