Inheritance Cash Advance Funding is an important service provided by True Role Dynasty, LLC.
Who is entitled For an inheritance cash advanced?
Any beneficiary of an estate that is qualified to inherit at least $17,000 from a probate which is already open or is in the process of being opened. Existence or non-existence of a Will is not a factor. Cash Advance does not affect how the Estate is administered nor the other beneficiaries. Whatever fund available for distribution is based on what is left after all estate claims and expenses are paid.
What do we receive in return for the cash advance?
In return for a present cash payment from us, 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.
When do we get paid?
We are 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.
Are there any application fees?
No. There is no cost or obligation to apply for the advance.
Will credit problems prevent an heir from getting a cash advance?
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 generally not prevent an heir from receiving an advance.
Are monthly payments required to repay the cash advance?
No. We are paid directly and in full from the estate at the time distribution is authorized.
What if there are insufficient funds in the probate estate to pay us?
This is one of the risk we assume when we accept an assignment from an heir. the heir who gives true information on the application and honors the assignment has no personal liability for payment of the cash advance.
What happens if a previously unknown creditor makes a claim on the estate?
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 fails to tell us about it in the application process.
What happens if the distribution of the probate estate is delayed?
We must wait until the 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.
Are there any geographic limitations on funding?
Yes. We can only work with assets that are being probated in the United States.
What if the probate estate is in a different State?
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.
What are the criteria that determine the cost of cash advance from us?
The size of the cash advance, complexity of the probate estate, and the estimated `time to distribute are the major factors affecting pricing.