| Q: |
"Is There An Inheritance Tax On Cash Advances?" |
| A: | No. The idea of the so-called "Inheritance Tax" was created and circulated by swindlers and con artists living in overseas countries. It does NOT exist. |
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| Q: | "Who Is Eligible To Receive An Heir Loan?" |
| A: | Any Heir who is legally an adult in their State of residence and who will inherit at least $17,000. from a probate which is already open may apply for an Heir Loan. |
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| Q: | "Are There Size Limits On Cash Advances?" |
| A: | Yes. You may only borrow up to 30% of your Inheritance at a time. Cash advances range from a minimum of $5,000. (30% of $17,000.) to a maximum of $100,000. (30% of $340,000.) However you are free to reapply if you need more money. Same rules and rates will apply. |
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| Q: | "What Do You Receive In Return For The Cash Advance?" |
| A: | In return for your cash advance, you assign to us the right to receive a fixed amount of money out of your share of the Estate. |
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| Q: | "When Do You Get Paid Back?" |
| A: | We are paid directly from the Estate upon distribution. Funds not needed to satisfy the assignment are distributed directly to the Heirs or Beneficiaries. |
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| Q: | "Are There Any Upfront Application Fees?" |
| A: | No. Fees are charged only for funded deals, and are deducted from the advance. Our personal guarantee to you: "If we don't fund, then you don't pay. No exceptions!" |
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| Q: | "Will My Credit Problems Prevent Me From Getting An Advance?" |
| A: | We will obtain a credit report in preparing a case for funding, primarily to determine if there are any judgements, child support payments, or bankruptcy proceedings that might interfere with payment on the assignment.
However a poor credit record alone, including delinquencies, discharges in bankruptcy, foreclosures, etc., won't generally prevent you from receiving an advance. |
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| Q: | "Are Monthly Payments Required To Repay The Advance?" |
| A: | No. We are paid directly and in full from the Estate at the time distribution is authorized. |
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| Q: | "What If There Aren't Enough Estate Funds To Pay You Back?" |
| A: | This is one of the risks we assume when we accept an assignment from an Heir or Beneficiary. The Heir or Beneficiary 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 If An Unknown Creditor Makes A Claim On The Estate?" |
| A: | This is one of the ways an Estate may end up with insufficient funds to pay the advance in full, and it's another risk we assume. The investor can only receive those distributions from the probate that are due to the Heir or Beneficiary.
Medical claims arising out of the last illness are a major concern. We absorb the loss and have no recourse to the Heir, unless, of course, the Heir or Beneficiary 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 Estate Is Delayed?" |
| A: | Then we must wait until the Estate is ready to distribute. There is no recourse to the funded Heir for any delays in the distribution. This is another one of the risks we assume. |
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| Q: | "Are There Geographic Limitations On Inheritance Loans?" |
| A: | Yes, the Probate must be located within the USA. The Heir or Beneficiary may be a full-time or part-time resident of any country. |
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| Q: | "What If My Probate Is In A Different State?" |
| A: | It's common for the Heirs of an Estate to reside in a State different from the deceased's State. This rarely causes any difficulty. |
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| Q: | "What Determines The Cost Of An Advance From The Investor?" |
| A: | The size of the advance, complexity of the Estate, and the estimated time to distribution are the major factors affecting pricing. |
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| Q: | "I Have a Trust Fund, Am I Still Eligible For An Advance?" |
| A: | Unfortunately Trust Funds are no longer saleable due to the introduction of the "Spendthrift" clause which prevents any investor from buying them. |
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| Q: | "How Do I Get An Inheritance Advance?" |
| A: | Fill out our online form. We'll review it and if you qualify for an Inheritance Loan, we will contact you and request copies of personal identification and relevant Probate documents, to the extent you have them available. |
