When Should You Borrow Against Inheritance

The departure of a loved relative is always a sad moment. But after the period of grief and suffering, it is wise to consider how his or her earthly belongings will be shared. In many cases, the fortune the deceased left behind is the only income source for the remaining relatives. And if the process of distributing the money is not straightforward, it can take months or even years before the heir may see a single penny. This is why borrowing against inheritance may be the best option. Find out more about cash advance loans and why they are a good solution. A lengthy probate process is the most common reason for using cash advance services. A probate is basically a process that ensures that each heir correctly receives his part of the inheritance. And it can take a lot of time, months, even years, before the entire inheritance is distributed. This happens a lot when there are more than just one heir. Meanwhile there are many estate obligations which must be settled. Anything from funeral costs, to remaining loans and other debts should be resolved quickly. And in this case, a quick inheritance loan is recommended. In cases of multiple heirs disputing some properties, things can also become complicated. For example, two heirs should divide property of the estate. One of them renounces and just wants the money for his share. Since properties are expensive, you can also use an inheritance loan to buy the property. In this case, you may want to discuss more with the loan experts about how you can return the loaned money. Advance cash loans can solve a lot of problems for heirs expecting their money. However, there are few things to consider when asking for a loan. Inheritance advances and loans usually range from $5,000 to $250,000. Choose a loan amount that is less than your expected inheritance. Some lenders will offer a maximum percentage of your total expected inheritance. The inheritance rights are assigned to the company and the process can take from 5 up to 10 days. Another thing to remember is that cash advance companies ask for fees. Fees vary a lot, depending on the amount of the advance, the complexity of the estate and the amount of time until the estate closes. Whenever you want to make a cash advance against inheritance, make sure to bring relevant documents, like a copy of the Will or a copy of the death certificate.

Home-Cooked Meals Are a Hot Investment

I married well. After seeing a recent stat that 41% of first marriages end in divorce, I count myself lucky. I managed to find a mate who is smart, funny, responsible and compassionate. And he loves to cook! I picked up some basic cooking skills throughout high school and college. I can make grilled cheese, boil an egg and bake a mean chocolate cake for someone's birthday. But I don't stray too far from those easy recipes and skills. On the other hand, my husband is the one in our family who makes the bulk of our meals. He's the one who can explain the different cuts of beef at the grocery, and he's the one who knows when to use dill and when to use rosemary. (I try to stay away from the spice rack completely.) If food prices continue to shift the way they have over the past year, I think we will see more people like my husband cooking amazing meals at home rather than going out to eat... and that's going to create some fantastic investment opportunities if you know where to look. Back in the Kitchen The government recently announced that the consumer price index (CPI) was unchanged for June, while economists were expecting inflation to tick up 0.1%. The 12-month CPI has dropped to 1.6% from 1.9% and is well off its five-year peak of 2.7% reached in February. There's a lot of hullabaloo going on right now about whether the Federal Reserve will lift rates yet again this year and whether the slowdown in inflation is far more than temporary, as the Fed has been claiming. But I don't care about the Fed right now. If the Fed is going to act, it's unlikely to be until December, and there's a lot of data set to come out between now and December that could sway the Fed. If you dig a little deeper into the CPI report, there was a great nugget of data that no one is really talking about... and that creates a great opportunity for astute investors. The government reported that grocery prices (food at home) fell in June. The price of food purchased in a grocery and prepared at home has steadily dropped since peaking in September 2015. We experienced a small run-up earlier this year, but it appears that prices are rolling over once again and headed lower. By contrast, the price of food purchased at restaurants has steadily risen over the same time period and shows little sign of relenting. Technology has worked to reduce costs in food production by increasing crop output. Low gas prices have cut transportation costs as well. The end result: It is now cheaper to buy food at the grocery than it was in 2015. Meanwhile, rising labor costs and skyrocketing rents have forced many restaurants to lift their prices just to eke out a profit, making it far more expensive to eat out. The United States Department of Agriculture reports that food-at-home prices dropped 1.3% in 2016 from 2015 levels and are expected to rise between 0% and 1% in 2017. Food-at-restaurants prices jumped 2.6% in 2016 and aren't slowing in 2017. The Market Has Changed The race is on to make a profit off what's hitting your table for dinner. We've seen a surge over the past several years of meal-delivery services such as Blue Apron, HelloFresh, Plated and Home Chef. These companies are catering to families (particularly millennials) who are looking for the comfort of cooking at home while still getting a unique variety of meals - far more than my awesome grilled cheese sandwiches. Earlier this summer, Amazon announced plans to acquire Whole Foods. Imagine if Amazon could streamline Whole Foods the way it has done its other businesses, bringing costs down and luring customers in. And of course, we have Wal-Mart going head-to-head with Amazon, which could create a price war that works in favor of consumers. The market has shifted in favor of the grocer over the restaurant. Prices are dropping for food in grocery stores while restaurants are raising their prices just to get above the cost of operating. Meanwhile, wages for most Americans are stagnating, making the choice an obvious one. Investors should be wary of restaurants and take a new look at grocery stores such as Kroger or even watch for new opportunities driven by millennials.