Scope & Range of Services

Inheritance Funding

Scope & Range of Services

Nationwide Funding Group can get cash now for heirs who will be inheriting as least $17,000 from
a probate which is already open or is currently being opened; or a beneficiary (individual
or charity) of a trust who will be receiving at least $17,000 in distributions(s) from the trust within three years. The trust instrument must not limit the beneficiary’s right to assign an interest in future trust distributions (a so-called “spendthrift clause”).

In return for a present cash payment, the heir or beneficiary sells to (technically, “assigns to”) the funding source the right to receive a fixed amount of money out of the heir or beneficiary’s share of the estate or trust. The funding source is paid directly form the estate or trust upon distribution. Funds not needed to satisfy the assignment are distributed directly to the heir or beneficiary. Fees are charged only for funded deals, and are deducted from the advance.

The funding source must wait until the estate or trust 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 the funding source assumes. Most advances are to heirs or beneficiaries here in the United States, but on occasion advances have been made in other countries. 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 or trust.

Jeff is President of Nationwide Funding Group. He is a Certified Public Accountant & Insurance Licensed in the State of Florida.
He holds a Degree in Finance and Insurance and a Masters Degree in Accounting from The University of Florida.
In addition, Jeff is a Certified Cash Flow Consultant.
He was previously with the International Accounting Firms of Ernest & Young and KPMG Peat Marwick,

He is a member of ,
• Member of American Institute of Certified Public Accountant’s ( ACIPA )
and
Florida Institute of Certified Public Accountant’s ( FICPA )
• Member of the National and Florida Association of Insurance and
Financial Advisors
• Member of American Cash Flow Institute