Legal Funding FAQs: What You Need to Know
Find common legal funding faqs & answers about our funding process, eligibility, and more.
Get Answers to Your Legal Funding FAQs
Have a question about annuity funding, inheritance advances, or structured settlements? You’ll find legal funding faqs with answers below. If you don’t see what you’re looking for, contact our team directly at (800) 497-7701.
Structured Settlement Legal Funding FAQs
Do all structured settlements qualify for funding?
Not every structured settlement qualifies for a transfer of future payment rights. We evaluate each situation individually based on factors such as the amount and timing of future payments, the portion of the payment stream you wish to sell, and applicable state laws. Eligibility may also depend on the terms of your settlement and whether court approval is required. Contact us to discuss your settlement and explore your available options.
How does structured settlement funding differ from a traditional loan?
Structured settlement funding typically involves selling some or all of your rights to future settlement payments in exchange for a lump sum today. Unlike a traditional loan, the transaction generally involves transferring payment rights rather than borrowing money. The lump-sum offer is based on factors such as the amount and timing of the future payments and the applicable discount rate. The transfer may require court approval and is subject to applicable state law. Review the terms carefully to understand the financial impact before proceeding.
Do you require a credit check or financial information?
Structured settlement funding evaluations generally focus on your existing settlement, the amount and timing of your future payments, and the terms of the proposed transaction. Financial and settlement documentation is typically needed to verify payment rights and determine eligibility. Credit check requirements may vary by provider. Contact us to learn what information may be required for your situation.
Am I required to sell all of my future settlement payments?
Not necessarily. Depending on your settlement terms, payment schedule, and applicable state law, you may be able to sell a portion of your future payments while retaining the rights to the remaining payments. Available options depend on your individual circumstances and the terms of the proposed transaction. We can help you explore your options and understand how a transfer may affect your future income.
How does the structured settlement payment transfer process work?
Structured settlement funding typically involves transferring the rights to some or all of your future settlement payments in exchange for a lump sum. The process generally includes reviewing your settlement documents, evaluating the proposed transfer, disclosing the transaction terms, and obtaining court approval when required by law. Once all required approvals and documents are completed, the transaction is finalized and the lump sum is disbursed according to the agreement. Visit our How It Works page to learn more about the process.
Will I need an attorney for structured settlement funding?
You may need to consult an attorney when considering a structured settlement transfer. Depending on your settlement terms and applicable state law, court approval may be required before future payment rights can be transferred. We encourage you to seek independent legal advice so you understand the transaction terms, your rights, and how the transfer may affect your future payments.
Annuity Legal Funding FAQs
What is an Annuity?
An annuity is a financial product, often purchased through an insurance company, that provides a stream of fixed payments over time — commonly used to fund structured settlements, lottery winnings, or retirement income.
Can I receive a lump sum from my lottery or casino winnings?
If you receive lottery winnings or casino payouts through scheduled payments, you may be able to explore options for receiving a lump sum today in exchange for transferring some or all of your future payment rights. Eligibility depends on the type of winnings, the terms of your payout agreement, and applicable state laws. We can help you explore your options and understand the process.
What are my options for selling?
You can sell all of your future payments, a portion of your payments, or a specific number of payments for a set period of time — whichever best fits your financial needs. Start your application to get a free quote.
How long does the process take?
Because annuity sales typically require court approval, the process generally takes 45 to 90 days depending on your state's requirements and court schedule.
Can I sell future lottery payments or casino winnings?
Depending on the type of winnings and the terms of your payout arrangement, you may be eligible to transfer rights to certain future payments in exchange for a lump sum. Lottery prize assignments and casino-related annuity transfers are subject to different rules, and court approval or other legal requirements may apply. We can review your situation to help determine what options may be available.
Do I qualify for annuity funding if I won the lottery or a casino jackpot?
Eligibility depends on the source of your winnings, whether your prize is paid in installments, the amount and timing of your remaining payments, and applicable legal requirements. Some prizes may be eligible for a transfer, while others may be restricted by the prize agreement or state law. Contact us to discuss your winnings and learn whether a lump-sum option may be available.
How much money can I receive for my future lottery or casino payments?
The lump-sum amount depends on factors such as the total value of your remaining payments, when those payments are scheduled, the applicable discount rate, and transaction costs. Because a lump sum is generally less than the total of the future payments being transferred, it is important to review the offer carefully before making a decision. We can help you understand the factors that influence your potential offer.
Will I need court approval to sell my future lottery or casino winnings?
Court approval may be required before certain lottery prize payment rights or annuity payments can be transferred. The requirements depend on the source of the winnings, the terms of the payout arrangement, and applicable state law. Additional documentation or approvals may also be necessary. We can help you understand the general process and identify the requirements that may apply to your situation.
Inheritance Advance Legal Funding FAQs
What is an Inheritance Advance?
An inheritance advance provides you with a portion of your expected inheritance in cash now, rather than waiting for the probate process to fully close — often taking months or years.
How do I get an Advance against my Inheritance?
Simply complete our application with details about the estate, and our team will work with the estate's attorney or executor to verify your inheritance and provide a funding offer.
Does the estate have to be in Probate for me to qualify?
In most cases, yes — the estate should be in active probate. However, we evaluate each situation individually, so reach out even if you're unsure of the exact status.
Are there any risks or fees associated with applying for an inheritance cash advance?
There is never any cost or risk to apply. Our advances are non-recourse, meaning if your inheritance is delayed or reduced, you are never responsible for repaying more than your actual inheritance allows.
Does the advance impact other heirs in the estate?
No. The advance only affects your individual share of the inheritance and has no impact on other heirs or beneficiaries of the estate.
Are monthly payments required to repay the advance?
No. There are no monthly payments. Repayment happens in one lump sum directly from your inheritance once the estate closes and funds are distributed.
Will credit problems prevent someone from getting an heir advance?
No. We do not run credit checks. Approval is based on the value of your inheritance and the estate's status — not your personal credit history.
How do I apply for an advance on my inheritance?
You can apply online through our Inheritance Funding Application, or call us directly at (800) 497-7701 to speak with a funding specialist who will walk you through the process.
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