Q: Am I eligible to receive an Estate Finance 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.
.....................................................................
Q: What are the criteria that determine the cost of an Estate Finance 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. If it is a loan, interest will accrue so that the length of time will be a major factor.
.................................................................
Q: How large an advance can I get?
A: We provide inheritance cash advances and inheritance loans up to $2,000,000. The maximum in each case depends upon the size of your inheritance and the assets in the estate or trust.
..................................................................
Q: When will I receive my cash advance?
A: The average period for an Estate Finance cash advance is only 2 to 4 business days after we've received your completed application.
..................................................................
Q: Where is Estate Finance
funding offered?
A: We work with probate estates or trusts
that are being administered in the United
States and Canada.
..................................................................
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 deceasedp;s state. This rarely causes
a difficulty.
..................................................................
Q: What does Estate Finance™
receive in return for advancing me money?
A: In return for an inheritance cash advance from Estate Finance, the heir will either: 1. sell (technically, "assigns") us the right to receive a fixed amount of money out of the heir's share of the probate estate or trust; or 2. Borrow money putting up the inheritance as collateral for advances over $50,000, a loan may be most advantageous for an heir.
..................................................................
Q: How and when does Estate Finance™
get paid?
A: In an Estate Finance inheritance cash advance, we are paid directly from the estate or trust. The rest of your inheritance is distributed directly to you.
..................................................................
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. Having an Estate Finance advance often enables an heir to negotiate a discount with some creditors. Discuss that with us when we speak with you.
..................................................................
Q: Do I need to make monthly payments?
A: No. The estate or
trust normally pays the full amount owed
at the time of distribution to the beneficiaries.
.....................................................................
Q: Does it cost me money to apply
for an Estate Finance 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 of committing to doing a funding with Estate Finance.
..................................................................
Q: Will I be personally responsible if there are not sufficient funds in the estate or trust to pay Estate Finance?
A: No. This is a risk that we assume when we agree to your Estate Finance™ 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 assume the risk.
..................................................................
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 Estate Finance 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.
..................................................................
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.
..................................................................
Q: How do I apply for a cash advance
on my inheritance?
A: Simply give us a call Toll Free at 800-572-1986, fill out our short
Applicant Information Form online now or you can download, complete and fax in a full Application.
..................................................................
Q:
What if I have more questions about Estate Finance™,
the probate process, or my inheritance?
A: Feel free to give us
a call Toll Free at 800-572-1986
and speak to one of our experienced funding specialists or staff attorneys. We are here to help 24 hours a day and would be more than happy to answer any questions you might have.
..................................................................
|
