Farnworth Rose Provide Upfront Inheritance Service
Farnworth Rose have partnered with leading specialist Tower Street Finance to offer clients an Inheritance Advance product, which enables beneficiaries to access up to 60% of their inheritance immediately.
The process of dealing with Probate and estate administration can be lengthy, if part of the deceased’s assets were property based then beneficiaries could be waiting a considerable time for their inheritance whilst the property is sold.
The Inheritance Advance product enables beneficiaries to access up to 60% of their inheritance upfront, with no credit checks or repayments to make until their inheritance is available.
Farnworth Rose are also now able to offer Inheritance Tax Loans for estates where there is an Inheritance Tax liability to pay but there are no funds available.
Lois Dixon, Solicitor added: “The average Inheritance Tax bill is around £200,000 nationally and this must be paid before a representative can apply for a Grant of Probate and release assets. If the estate does not have liquid assets this can a stressful and difficult time for executors.”