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Long delays, uncertainties, legal hassles. Too often these are the problems you
inherit when a loved one, friend or relative dies. Because a typical estate can
easily be tied up in court proceedings (called probate) for a year or more, there's
no way of knowing when you'll acutally receive your inheritance money.
An inheritance cash advance helps you overcome the long delays built into the probate
process.
- You get part of your inheritance now, instead of waiting
months, or even years!
- There's no concern about credit references or current
employment.
- You have no personal liability.
- There are no monthly payments or hidden charges.
- Your income or credit status isn't a problem.
- You'll get fast, courteous and friendly help and one click
gets you started!
Instead of lending you money, we take an assignment of your future inheritance.
Think of the assignment as a lien on your inheritance. We advance you money today
in exchange for a set amount further down the road. The dollar figure for this set
amount depends on a number of factors, including the complexity of your inheritance,
whether or not real estate is involved, and how long we think it will take for the
court to distribute your inheritance and pay us back.
In order to get the lowest possible quote, please contact us to discuss your inheritance.
In just about every case, we assume that in a worst case scenario it will take a
year for the probate court to pay us back. If your inheritance takes longer than
a year to distribute, the cost NEVER goes up - the cost is set in stone.
If your inheritance distributes in less than a year, you may qualify for an early
pay-off rebate. There is no obligation to apply.
Inheritance Funding FAQ
Q: How much does it cost?
A: It all depends on your particular inheritance. For more information, go here.
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Q: What are the criteria that determine the cost of an advance?
A: The size of the advance, complexity of the probate estate, and the estimated
time to distribution are the major factors affecting pricing. More information can
be found here.
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Q: Who is eligible to receive a cash advance?
A: An heir who will be inheriting at least $17,000 from a probate estate which is
already open or is in the process of being opened.
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Q: What does Easy Estate Funding receive in return for the cash advance?
A: In return for a cash advance , the heir sells to (technically, "assigns to")
us the right to receive a fixed amount of money out of the heir's share of the probate
estate.
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Q: When does Easy Estate Funding get paid? A: We get paid directly from the estate
upon distribution. The rest of the inheritance is distributed directly to the heir.
An heir never directly makes nor is responsible for any payments to us.
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Q: Are there any application fees?
A: No. There is no cost or obligation to apply for an advance.
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Q: Will credit problems prevent an heir from getting an advance?
A: We obtain a credit report in preparing a case for funding, primarily to determine
that there are no judgments, child support or bankruptcy proceedings that might
interfere with payment of the assignment. A poor credit record alone, including
delinquencies, discharges in bankruptcy, foreclosures, etc., will not prevent an
heir from receiving an advance.
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Q: Are monthly payments required to repay the advance?
A: No. we get paid directly and in full from the probate estate at the time distribution
is authorized.
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Q: What if there are insufficient funds in the probate estate to pay Easy Estate
Funding?
A: This is one of the risks we assume when we accept an assignment from an heir.
The heir who gives true information on the application and honors the assignment
agreement has no personal liability for payment of the advance.
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Q: What happens if a previously unknown creditor makes a claim on the probate estate?
A: This is a risk that we take. If there are not sufficient assets at the end of
the probate to cover the amount of the assignment, then we take the loss. The heir
is not liable to pay back the assignment unless, of course, the heir was aware of
the claim(s) and failed to tell us about it in the application process.
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Q: What happens if the distribution of the probate estate is delayed?
A: We must wait until the probate estate is ready to distribute. There is no recourse
to the funded heir for any delays in the distribution. The assignment does not accrue
interest or go up in value, no matter how long the distribution is delayed.
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Q: Are there any geographic limitations on funding?
A: Yes. we can only work with assets that are being probated in the United States.
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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: Are there minimums and maximums for cash advanced by IFC to an heir?
A: Easy Estate Funding's advances normally range from $5,000 to $100,000. As a rough
rule of thumb, assume the advance cannot exceed 30% of an heir's expected distribution
from a probate estate.
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Q: How do I apply for an advance on my inheritance?
A: Fill out a short application called an Heir's Information Summary. Then send
the completed form to us, together with copies of personal identification and relevant
probate documents, if you have copies of them.
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