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1st Choice Funding Provides Today's Innovative “No Risk” Financial Solutions For Probate Cases An innovative financial tool from 1st Choice Funding is our “No Risk” Probate Funding cash advance program available to Estate and or Trust Administrators and their Beneficiaries. “No Risk” Probate Funding provides cash prior to settlement or collection and “No Risk” Probate Funding is available to Estate and Trust Administrators and Beneficiaries with an innovative funding process that provides cash advances from $5,000 to $10,000,000.00. “No Risk” Probate Funding Cash Advances position heirs and administrators with the capability of liquidating a portion of an interest in an estate or Trust with no personal liability is probate distribution does not occurs. Only if and when the estate or trust pays the distribution is the amount owed from the probate funding paid and as such the beneficiaries receive the rest of the estate when distributed. How is such possible and where does a probate advance come from?
Simply put probate funding has been made possible by financial guru's who developed this program only in the last few years and thus the capital an heir has access to is offered by private investors who assume all risk if distribution does not occur, or is delayed for years. This program is called "No Risk" Probate Funding and it provides:
Yes. If you are a Probate beneficiary of an estate in probate and your interest is worth at least $20,000, you may qualify for an Probate advance. We pay cash immediately to buy a portion of your interest in the estate. When the estate is ready to be distributed, we are paid in full and the rest of your interest is paid directly to you. Yes. If your interest is worth at least $20,000, you may qualify for a Probate cash advance. We will not buy an interest in a Probate trust that contains what is called a “spendthrift clause”. A “spendthrift clause” limits your ability to make a binding transfer of your interest.
No. Your interest needs to be fixed, and we need to be able to determine with reasonable accuracy when estate or trust administration will be completed before we can make an advance to you.
We will advance from $5,000 to $10,000,000.00 depending on the size of the estate to be distributed. Within these limits we advance one-third of the "quick sale" value of your Probate interest in your Estate or Trust. Because Probate Estate and Trust administration involves many uncertainties we use conservative guidelines for valuing assets and estimating taxes and expenses. As a result, the value we place on your interest may be significantly lower than what you believe you will be receiving from Probate, but such factors must be taken into consideration before making an offer.
We have a special program that allows you to qualify for more than one Probate advance with a single application. This program insures that money will be there when you need it. In addition by using this feature you'll save money as the interest accrues is reduced.
The minimum advance is $5,000.
No. The estate or trust pays the full amount owed when distribution to the beneficiaries occurs.
Absolutely Not. Poor credit alone will not prevent us from making a Probate advance. While we must do a credit check to make sure there are no claims that might prevent the Probate Estate or Probate Trust from making a distribution to us before anyone else, we look at credit for no other reason. For example in the event you're involved in a bankruptcy proceeding we must subtract items such as bankruptcies, judgments, and outstanding child-support before determining the net value of your estate. We can though provide a Probate Funding Advance despite a low credit score, and once we do we can even be employed to repair your damaged credit. If the net value of your interest meets our underwriting guidelines, and there are no restrictions on your ability to assign a portion of your interest, we can provide Probate Funding.
No. If we do not purchase an interest from you then you pay us nothing. In the event we fund your Probate case we charge no fees in most cases and in the event fees are incurred, such are paid by the Estate or Trust upon distribution.
No. You are not responsible if the Probate Estate or Probate Trust cannot repay us. We take the loss as the cost of doing business and in so doing you keep the money advanced "Risk Free".
Delays are a fact of life and are one of the risks we assume. Under the purchase agreement you have an obligation not to interfere with the administration of the Estate or Trust and you must cooperate in seeing that distributions are made without delay. If you do not carry out this part of the bargain, you may be in default and subject to claims beyond the amount assigned.
With an immediate probate non-recourse cash advance against an inheritance, you as a beneficiary, will no longer have to wait until the end of the lengthy probate process to benefit from an Estate inheritance. With a non-recourse probate cash advance there's no risk to you, and if for some reason the estate is unable to repay us, our investors take the loss, not you. Your cash advance money is yours to keep without repayment. With non-recourse probate cash advance funding there's no monthly payments and the Estate or Trust pays everything that is owed when distribution occurs.
If adverse circumstances in life leave you plagued with bad credit, don't worry 1st Choice Funding has innovative solutions to resolve credit issues and put your financial life back on track.
For more information on Legal Credit Repair Click Here
Fiduciaries can use probate funds to pay taxes and mortgages while avoiding the risks and costs of penalties and defaults. With 1st Choice Funding's innovative non-recourse Probate Funding program you won't sell Estate property at "fire sale" prices because probate cash advances position beneficiaries with the financial stability to maintain your standard of living while maximizing the Estate's full value.
