Disclaimer: Consumer legal fundings and advances are not loans under applicable financing laws. Rockpoint’s products are non-recourse, meaning if you don’t win your case, you don’t have to pay us back. Receiving financial support in connection with a legal case is typically (and oftentimes incorrectly) referred to as a “lawsuit loan” or “loan.” Therefore, for the ease of search references, these terms may be used in this context to refer to our funding products, but we maintain our separateness from consumer loan products in all legal aspects.
Did you just discover you may have to wait for months or even years to collect an inheritance from a loved one who died recently? Many families are surprised when they realize they must seek legal assistance for probate before estate distribution can occur. The probate process is often enough to discourage almost anyone from having to go through with it.
However, you can apply for probate funding through a lender like Rockpoint Probate Funding if you can’t afford to wait for an inheritance. You just need to know how to improve eligibility for probate funding to increase the chances of being approved. Take a look at a few tips below.
Start by Searching for the Right Probate Funding Company
Some probate funding companies make it more difficult for people to qualify for probate loans than others. They may, for example, ask to check out a person’s financial history and potentially even pull their credit report before extending probate funding.
Rather than working with a company like this, rely on Rockpoint Probate Funding when you’re wondering how to improve eligibility for probate funding. You can receive funding approval from Rockpoint within just days without any credit checks.
As long as you have inheritance rights through beneficiary or heir qualifications, you can qualify for probate funding through Rockpoint.
Provide the Necessary Information When Applying for Probate Funding
When you apply for probate funding through the right company, you should find it easy to fill out an application. The application Rockpoint provides, for instance, only asks for basic information like the following:
- Your name
- Your phone number and email address
- The name of your loved one who left you an inheritance
Still, you should ensure you don’t accidentally overlook a section on your application and forget to include information. This could cause delays in the application process and even trigger a denial.
Calculate the Value of a Loved One’s Estate Accurately
You might find out exactly how much a loved one left behind for you in their will at the beginning of the probate process. But you might also have to wait for the executor of their will to take inventory of their assets and debts before determining what your inheritance will be.
If an executor hasn’t gone through the formal estate valuation process yet, consider waiting until they do before applying for probate funding. Otherwise, you may not qualify to collect as much compensation as you would like from a lender.
Demonstrating patience during a difficult time in your life is the key to figuring out how to improve eligibility for probate funding.
Prepare To Provide Important Legal Documentation
While many lenders like Rockpoint Probate Funding won’t conduct credit checks or ask you to provide an employment history when you apply for a probate advance, they may request some proof that shows how much of an inheritance you will receive from a loved one. If they do, be ready to send this legal documentation right over.
A lender may ask you for a copy of your loved one’s will. They may also have you provide copies of your loved one’s probate paperwork to prove your family is currently going through the probate process.
Ideally, you should have legal documentation related to your loved one’s death and probate process nearby when applying for a probate advance. This paperwork could come in handy when you’re worried about how to improve eligibility for probate funding.
Respond to Any Requests for Additional Information From a Probate Funding Company
A lender like Rockpoint Probate Funding won’t need much to make a final decision on your probate loan application. There may be instances when a probate funding company will reach out to you to request additional information.
If your loved one has a very common name, they might ask for more detailed information so they can locate their records. They might also request something as simple as a clearer copy of your loved one’s probate paperwork.
Respond to these types of requests right away to avoid unnecessary delays during the probate funding process. Your eligibility for a probate advance may hang in the balance if you aren’t quick to touch base with a lender who has requested more information, so it helps to have a proactive attitude.
Speak With Someone From a Probate Funding Company
Rockpoint Probate Funding makes it easy to fill out a probate loan application online. But if you have any questions or concerns, don’t hesitate to call Rockpoint for clarification.
A knowledgeable Rockpoint representative can clear up any confusion you’re experiencing and ensure your application is complete before you submit it. They can also shed more light on how probate loans work and give you a better idea of how much of your future inheritance Rockpoint will receive in exchange for a probate advance.
Apply Now for a Probate Advance From Rockpoint Probate Funding
Many people going through the probate process qualify for probate loans through Rockpoint Probate Funding. See whether you do by researching Rockpoint probate services further and then filling out an application. We will review it right away and decide whether we can approve you for a probate loan.
Use everything you’ve learned to improve probate funding eligibility to your advantage. The tips found here could increase the odds of you being approved for an inheritance loan pretty much on the spot. Contact us at (888) 263-8588 to talk to an experienced representative about your probate loan options.
