Q: Who is eligible to receive an inheritance advance?
A: An heir on any inheritances at least $15,000 from a probate which is already open or is currently being opened. Inheritances below $15,000 are not eligible.
Q: Are there any geographic limitations on inheritance loans?
A: No. There are no restrictions on where we can do business. Although most of the inheritances we fund are within the United States, we have provided inheritance money on inheritances in other countries also.
Q: Can you provide inheritance loans to an heir residing in a state different from the probate or trust?
A: Yes, it is common for the heirs of an estate to reside in a state different from the deceased person's state. This rarely causes a difficulty.
Q: If no payments are required, how do you recover your investment?
A: We recover our investment directly from the probate.
Q: When do you get your investment returned?
A: We wait until the probate distributes.
Q: What happens if the distribution of the estate is delayed?
A: We must wait until the estate is ready to distribute. There is no recourse to the funded heir for any delays in the distribution.
Q: What are the criteria that determine the cost of an advance from you?
A: The size of the inheritance advance and the estimated time to distribution are the major factors affecting pricing. An interesting point to note is that larger inheritance loans are usually less expensive than smaller inheritances.
Q: Are there inheritance brokering minimums and maximums ?
A: Yes; minimum inheritance advance is $5K and maximum is normally $100K. |