Who is eligible to receive a cash advance?

What is received in return for the cash advance?

When does Inheritance Brokering Financial Services get paid?

Are there any application fees?

Will credit problems prevent me from getting an advance?

Are monthly payments required to repay the advance?

What is there are insufficient funds in the estate to pay?

What happens if a previously unknown creditor makes a claim on the estate?

What happens is the distribution of the estate is delayed?

Are there any geographic limitations on funding?

What if the probate is in a different state?

What are the criteria that determine the cost of an advance from Inheritance Brokering Financial Services?

Are there minimums and maximums for cash advanced to an heir?

What steps need to be taken to be considered for funding a transaction?

An heir who will be inheriting at least $17,000 from a probate which is already open or is currently being opened.

In return for a present cash payment, the heir sells to (technically, "assigns to") the right to receive a fixed amount of money out of the heir's share of the estate

We are paid directly from the estate upon distribution. Funds not needed to satisfy the assignment are distributed directly to the heir.

No. Fee are charged only for funded deals, and are deducted from the advance.

A credit report is obtained in preparing a case for funding, primarily to determine that there are no judgements, child support, or bankruptcy proceedings that might interfere with payment on the assignment. A poor credit record alone, including delinquencies, discharges in bankruptcy, foreclosures, etc., will generally not prevent an heir from receiving an advance.

No. Payment is paid directly and in full from the estate at the time distribution is authorized.

This is one of the risks assumed when an assignment is accepted 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.

This is one of the ways an estate may end up with insufficient funds to pay in full, and it is a risk that is assumed. We can only receive those distributions from the probate that are due to the heir. Medical claims arising out the last illness are a major concern. The losses are absorbed and there is no recourse to the heir, unless of course, the heir was aware of the claim(s) and failed to tell us about it in the application process.

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 that is assumed.

No, but most advances are to heirs here in the United States. Advances based on estates in other countries are considered only in very limited circumstances and require detailed, reliable information about the estate and full cooperation from the estate attorney.

It is common for heirs of an estate to reside in a state different from the deceased's state. This rarely causes a difficuly.

The size of the advance, complexity of the estate, and the estimated time to distribution are the major factors affecting pricing.

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 an estate.

Fill out a short form called an Heir's Information Summary. Then send the completed form to Inheritance Brokering Financial Services, together with copies of personal identification and releavant probate documents, to the extent you have them available.