Q: Am I eligible to receive an EstateFinance™
inheritance cash advance?
A: Yes. If you are an heir who will be inheriting
money or assets from
a probate estate or trust which is presently
open or is in the process of being opened.
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Q: What are the criteria that determine
the cost of an EstateFinance™ inheritance cash
advance?
A: The size of the advance, complexity of
the probate estate or trust, and the estimated
time to distribution of the estate assets
are the major factors affecting pricing.
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Q: How large an advance can I get?
A: We provide inheritance cash advances and inheritance loans up to $1,000,000.
Within this limit, we will advance one-third
of the "quick sale" value of your
interest in your estate or trust.
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Q: When will I receive my cash advance?
A: The average waiting period for an EstateFinance™
cash advance is only 2 to 5 business days
after we’ve received your completed
application.
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Q: Where is EstateFinance™
funding offered?
A: We work with probate estates or trusts
that are being administered in the United
States and Canada.
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Q: What if the probate estate is
in a different state?
A: It is common for the heirs of a probate
estate to reside in a state different from
the deceased's state. This rarely causes
a difficulty.
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Q: What does EstateFinance™
receive in return for advancing me money?
A: In return for an inheritance cash advance from EstateFinance™,
the heir sells (technically, "assigns")
us the right to receive a fixed amount of
money out of the heir's share of the probate
estate or trust. For advances over $50,000
different arrangements are sometimes used.
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Q: How and when does EstateFinance™
get paid?
A: In an EstateFinance™ inheritance cash advance
we are paid directly from the estate or
trust once the probate process is finished.
The rest of your inheritance is distributed
directly to you.
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Q: Will poor credit prevent me from
getting an advance?
A: No. Poor credit alone will not prevent
us from making an advance. We can make an
advance to you despite a low credit score
if the net value of your interest meets
our underwriting guidelines and there are
no restrictions on your ability to assign
a portion of your interest. We do a credit
check to make sure there are no claims that
might prevent the estate or trust from making
a distribution to us before anyone else.
We need to know, for example, that you are
not involved in a bankruptcy proceeding.
We subtract judgments and outstanding child-support
obligations when determining the net value
of your interest for underwriting purposes.
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Q: Do I need to make monthly payments?
A: No. You pay us nothing. The estate or
trust normally pays the full amount owed
at the time of distribution to the beneficiaries.
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Q: Does it cost me money to apply
for an EstateFinance™ inheritance cash advance?
A: No. There is no cost or obligation to
apply for an advance. If we fund the advance,
we recover expenses incurred in evaluating
your situation and doing the transaction.
If any fees are incurred, they are paid
to us out of the estate or trust on distribution.
Any fees are disclosed to you in advance.
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Q: Will I be personally responsible
if there are not sufficient funds in the
estate or trust to pay LawFinance Group
Inc.?
A: No. This is a risk
that we
assume when
we agree to your EstateFinance™ request.
If all the information you’ve provided
on your application is truthful and you
honor our agreement, you have no personal
liability for repayment of the advance.
You keep the money advanced to you and we
take the loss.
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Q: What happens if a previously
unknown creditor makes a claim on the probate
estate?
A: Again this is a risk that we take under
our EstateFinance™ program. If there
are insufficient funds or assets at the
end of the probate process to repay the
amount agreed to, we take the loss. You
are not responsible to pay us unless, of
course, you were aware of the claim(s) and
failed to disclose it in the application
process.
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Q: What happens if there are delays
in estate or trust administration?
A: Delays commonly occur. It is a risk we
assume when funding inheritance cash advances and inheritance loans.
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Q: How do I apply for a cash advance
on my inheritance?
A: Simply give us a call Toll Free at 866-559-FUND (3863), fill out our short
Applicant Information Form or you can download, complete and fax in a full Application now!
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Q:
What if I have more questions about EstateFinance™,
the probate process, or my inheritance?
A: Feel free to give us
a call Toll Free at 866-559-FUND (3863)
and speak to one of our experienced funding
specialists. We are here to help 24 hours a day and would
be more than happy to answer any questions you
might have.
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