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Inheritance

If I’m named in the will, can I not insist that the executor advance a portion of my inheritance?

No, disbursements are entirely up to the executor, but there are some options:

In some cases, the executor may decide to advance a portion of the estate (called ‘interim distributions’) if they’re confident they’ll still have enough to cover all bills, debts and taxes, but if they get it wrong, they may have to repay these out-of-pocket, so many may be hesitant to make advance transfers.

If you can demonstrate financial hardship, particularly if you were financially dependent on the decedent, the executor will consider your situation and may make advance funds on a case-by-case basis.

For those who don’t fall into the above, we have a strategic partner willing to provide Inheritance Loans as long as the executor is willing to cooperate with the underwriting of the estate. For more information about inheritance loans, click here.

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January 31st, 2023