Yes, beneficiaries may be able to obtain funds before an estate is distributed through a probate loan, also known as an inheritance advance loan.

Normally, beneficiaries must wait until probate has been granted and the estate has been fully administered before receiving their inheritance. Depending on the circumstances, this process can take several months or longer.

For those who need financial support during this period, a probate loan can provide access to funds without having to wait for the estate administration process to be completed.

At Untangled, beneficiaries can borrow up to 80% of their expected inheritance through a loan, providing financial flexibility while probate is ongoing.

How Does It Work?

A probate loan is a loan made to a beneficiary who is expected to receive funds from an estate.

Once your application has been assessed, you may be eligible to borrow a portion of your anticipated inheritance.  When the estate is distributed, the loan balance and any agreed charges are designed to be repaid from the beneficiary's entitlement.

Rather than receiving your inheritance early, you're taking out a loan that is repaid when the estate is settled.

Why Might Someone Need a Probate Loan?

Every situation is different, but common reasons include:

• Covering day-to-day living expenses
• Paying off debts or outstanding bills
• Funding home repairs or renovations
• Supporting family commitments
• Managing unexpected financial pressures
• Meeting important financial commitments while probate is ongoing

Who Can Apply?

You may be eligible if:

• You're named as a beneficiary of an estate
• You're expected to receive an inheritance
• There is sufficient value within the estate to support the loan
• The executor or solicitor can provide the required information

How Quickly Can I Receive Funds?

The timescale depends on the circumstances of the estate and how quickly the required information can be verified. However, a probate loan can often provide funds well before the estate administration process is completed.

Talk to Untangled About Probate Loans

If you're waiting for an inheritance and need financial support in the meantime, Untangled can help you explore your options. Our inheritance loan allows eligible beneficiaries to obtain a loan with repayment designed to be made when the estate is distributed.