Estate Expenses Advance
ESTATE ASSETS ARE FROZEN BUT BILLS HAVE TO BE PAID.
WHY PAY WITH YOUR OWN MONEY?
When someone dies in Canada, their assets are usually frozen until probate is granted by the court, and that can cost tens of thousands of dollars. Why should the executor have to pay probate fees with their own money?
Funerals are often the first 'flash point' in family disagreement. How do you arrange a suitable service costing ten thousand dollars or more when there's no money to pay for it? Why do people think the executor should pay for it?
Fortunately, you don't have to. Our friends at First Inheritance Inc. get the importance of having the funds you need when you need them.
They advance the funds you need for the probate fees and they work with you and your funeral home to provide the money you need for the funeral to respect the deceased and maintain family harmony. It just makes sense.
How It Works
STEP 1: Complete and submit the form below for an Estate Expenses Advance (for funerals and/or probate fees.) Within 24 hours, First Inheritance will contact you and your funeral director to determine the total amount needed.
STEP 2: Once your Estate Expenses Advance has been approved, select the funeral service and tell your funeral director they'll be in touch to arrange payment. Plan a simple service or a lavish event, as you wish. First Inheritance will send the documentation required for signatures.
STEP 3: There are no monthly payments required. First Inheritance collects the advance and fees from the proceeds of the estate.
THERE'S NO REASON YOU SHOULD HAVE TO PAY OUT OF YOUR OWN POCKET
THE FINE PRINT
We know you don't want to have to go digging for the fine print so we did the digging for you, and we're sorry if our print is too big!
Maximum Amount of the Advance
The maximum available advance is $25,000 for a funeral, which should be ample, and $75,000 for probate fees, which is enough for estates of up to $5 million in most Canadian provinces and territories. (You may be approved for a lesser amount depending on a number of factors.)
This is a one-time cost for the work involved in approving your advance. They charge the higher of $1,000 or 10%. This is reasonable as estate advances are far less common and more complicated than traditional loans.
The rate is 19.5%, which is much lower than consumer loans with no payments (like "Don't-Pay-a Cent Events") and far less than Payday Loans. It's also much better than tying up your own money.
One Minute Application