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What if there are insufficient funds in the estate or trust to pay the funding company?

April 26, 2017COMPANY Estate funding funds insufficient pay Trust

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What if there are insufficient funds in the estate or trust to pay the funding company?

1 Answer

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This is one of the risks the company assumes when it accepts an assignment from an heir or trust beneficiary. The heir or beneficiary who gives true information on the application and honors the assignment agreement has no personal liability to repay any of the advance.