Frequently Asked Questions
What is an Inheritance Buy-Out?
An inheritance buy-out allows beneficiaries to receive inheritance funds immediately rather than waiting for the probate process to close, which could take many months or even years. Most of our clients have challenged estates, be it from a pending foreclosure or too much debt, that has led to them possibly deciding to do nothing. An inheritance buy-out allows you to transfer the inheritance rights to your difficult estate to us in exchange for cash. The Heirship Company assumes the risks related to the estate and the asset(s) of the estate and holds you harmless.
If one beneficiary receives a buy-out, does it affect the other beneficiary’s interest?
Rest assured, an inheritance buy-out for one beneficiary does not affect the inheritance of any other. In fact, it’s not uncommon for more than one beneficiary to receive an inheritance buy-out.
What if there is no will?
It is possible to get an inheritance buy-out even if there is no will. The rule that applies when there’s no will is called intestacy. The intestacy process is different depending upon where you live and where the decedent lived when he or she passed away. These rules determine how an estate is divided between the heirs. If you are an heir to an inheritance and there is no will, The Heirship Company will still offer you a buy-out.
How much does an Inheritance Buy-Out cost?
An inheritance buy-out does not cost you anything out of pocket. An inheritance buy-out is not a loan. You are not required to make any monthly payments or repay any amount of the buy-out you receive. The Heirship Company pays for everything; all legal fees, notary fees for your signing, shipping charges for overnight document packages, etc., the client is never required to pay for anything. In fact, if the sole asset of the estate is a piece of real property, The Heirship Company pays for everything regarding the asset too. Things like, repairs, closing costs, title costs, real estate commissions, permits if required, legal fees to clear title challenges. Again, The Heirship Company pays for everything, and yes, we put that in writing.
What happens if another beneficiary or a will / trust comes to light and my inheritance percentage is reduced?
We enter into an agreement with you based on what we feel the risks are relative to your estate matter. Once we deliver buy-out funds to you, that money is yours. Any future changes to the distribution of the estate will not affect you. This is a risk we take.
How quickly can I get the money from an inheritance buy-out?
We are typically able to get your inheritance buy-out to you in 10 business days, sometimes even within as little as 3 business days. We’re able to give you a more accurate estimate after we agree to buy-out your inheritance.
How does The Heirship Company get paid?
We give you your buy-out funds as soon as possible. Then we work to resolve the challenges with the estate. The speed at which we can resolve these challenges with our legal team directly impacts the way we get paid. For example: Let’s say the only asset to the estate is real property facing foreclosure and has squatters living in the property. Our company will file suit to get the squatters ejected while remedying foreclosure by paying the lender money. Once the squatters are out, we ascertain the condition of the property and perform the necessary repairs that gains the property the ability for financing. We will then sell the asset. Our money is made by speed, legal expertise and keeping our costs low.
Why have I been contacted?
We have performed a forensic genealogy and determined that you may be entitled to a portion of an estate that has yet to be filed. This is a surprisingly frequent occurrence. The Heirship Company’s research into the history of the estate family has identified you as an heir.
I received a FexEx and/or a call from The Heirship Company. How do I know this is legitimate?
Our buy-out proposals are legitimate and real. If you have been contacted by us, it means our company recently completed a comprehensive genealogy that indicates you being an heir to an estate. Once we contact you, we have already determined we can and are willing to offer you an inheritance buy-out. Our legal team have given us the green light to connect and offer an inheritance buy-out.
What makes your company different?
Unlike most companies who get compensated for finding heirs, we do so much more. The other companies typically learn about “missing heirs” once an estate administration proceeding has been filed. We work with heirs to estates that have not been filed. Some of our clients have been too nervous to file due to the debt and liabilities of the decedent. Whatever the reason, the estate has not been filed. We are the only firm that offers an Inheritance Buy-Out. We believe we are lone rangers due to the amount of risk involved. Our internal processes have streamlined our ability to assess the risk and make a quick Inheritance buy-out that is risk free to our clients.
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