A New Revenue Stream for Notaries

This webinar is focused on the opportunities ProbateCash can make available to notaries.

Key Takeaways

• ProbateCash provides inheritance advances to beneficiaries of estates or trusts who are waiting for funds tied up in probate.
• A ProbateCash inheritance advance is not a loan and is designed to help beneficiaries access money sooner than the typical 9–12+ month probate timeline.
• Notaries can earn referral fees when a referred client receives an advance:
  • $250 for advances up to $10,000
  • $500 for advances over $10,000
  • $750 for advances over $50,000
  • $1,500 for advances over $100,000
• Referral fees are generally paid at the same time the beneficiary is funded, often within 24 hours after ProbateCash receives the referral.
• ProbateCash can fund advances from about $3,000 up to $500,000, depending on the inheritance and case details.
• Beyond referrals, notaries may receive paid opportunities for document notarization in ProbateCash transactions across all states.
• ProbateCash also works with other future-payment transactions that may require notarization (for example, structured settlement payment rights).

Full Webinar Transcript

Molly Driscoll:
Welcome, and thank you for joining today’s session, A New Revenue Stream for Notaries, a webinar brought to you by Probate Cash. I’m your host, Molly Driscoll.

As a reminder, please type your questions in the chat window. The presenters will address questions after the presentation. If your question is case-specific or confidential, please indicate that in the chat and someone will respond separately after the presentation.

Our presenter today is a professional with extensive experience in providing cash advances to individuals awaiting inheritance payouts. Marc Harris has been working in the specialty finance industry for 25 years and has been involved in purchasing over one hundred million dollars of assets. Many of those purchases required court hearings, and Marc has attended or appeared as counsel in many of them.

Marc has spoken at numerous conferences and has been active in drafting model legislation adopted by many states. Born and raised in Tallahassee, Florida, Marc earned his undergraduate degree from Florida State University and his law degree from Nova Southeastern University in Fort Lauderdale. He is active in his community and serves on the board of a non-profit organization. Marc, his wife, and two children reside in Parkland, Florida.

Marc, can you start us off with a quick overview of what an inheritance advance is?

Marc Harris:
Sure. Thanks, Molly, and hello everyone.

We try to keep these webinars to 15 minutes or less. I’m told there are more than one hundred notaries from all over the country with us today, so we’ll move quickly, handle questions at the end, and send reference materials afterward.

An inheritance advance is upfront money we provide to a beneficiary of an estate or trust who is waiting to receive an inheritance that’s tied up in probate court.

Unless you’ve experienced probate firsthand, you may not realize these cases often take nine to twelve months, even when there are no disputes or delays. In many counties, probate can take more than a year.

Probate Cash gives beneficiaries a way to receive a portion of their inheritance today instead of waiting through the entire probate process. Often the money is needed because an estate home is being sold and needs repairs, but beneficiaries can typically use the funds for whatever financial needs they have.

Molly Driscoll:
What are the referral fees for notaries?

Marc Harris:
We pay referral fees based on the size of the advance.

• We pay $250 for every referral where we advance up to $10,000.
• For advances over $10,000, we pay $500.
• For advances over $50,000, we pay $750.
• For advances over $100,000, we pay $1,500.

We also keep good notes, so if the person you refer requires additional advances later and comes to us directly, you’re still entitled to additional referral fees.

Even though Probate Cash waits until the probate case concludes—often a year or more—before we are repaid, we pay the referral fee at the same time we fund the beneficiary.

In many cases, we pay you the referral fee within 24 hours after we receive your referral.

Molly Driscoll:
How much can Probate Cash advance?

Marc Harris:
We can advance as little as $3,000 and as much as $500,000.

Your referral fee increases when the advance amount is larger. Mobile notaries are very important to us, so please make sure we have your contact information. Molly will confirm what you need before we end the webinar.

Marc Harris (continued):
Notaries also have strong networks—both through clients and through other professionals you work with, such as attorneys, Realtors, and community leaders.

We want to make sure that when you’re out meeting with people in your network—or even just doing a notarization job—your antenna is up for opportunities.

If you hear someone say they need money and they have money coming to them that they can’t access, that’s the type of situation where we may be able to help. That may involve an inheritance, structured settlements, or other future payments.

We value referrals and pay referral fees for those.

Also, beyond inheritance advances, we purchase structured settlement payment rights. That typically involves people receiving future payments from an insurance company as a result of a legal claim. We can purchase those future cash flows and pay a lump sum today.

These transactions also often require documents that need to be notarized. So we want your contact information because we do business in every state, and we regularly need notaries for document execution.

Molly Driscoll:
We’re nearing the 15-minute mark. As promised, the presenters will stay on to answer questions. If you need to leave, we’ll send everyone the recording, along with the questions and answers. You can also continue submitting questions through your attendee panel.

Marc, one question coming in is: what other companies or types of services do you have that notaries can benefit from?

Marc Harris:
This webinar is about inheritance advances, but as I mentioned, we also work with structured settlement payment rights.

Those are cases where people are receiving periodic payments from an insurance company or another entity and may want to sell those future cash flows for a lump sum today.

We also work with other types of future payments. Sometimes business owners are waiting to receive money from jobs they completed, but they need cash to meet expenses like payroll.

Realtors are also a strong source of referrals, especially for the probate business. They’re trying to sell homes involved in probate, and the beneficiaries selling the home may need money to fix it up or simply may not be able to wait for the probate case to close.

Molly Driscoll:
Another question: how do notaries go about finding referrals? How do you suggest marketing as a notary?

Marc Harris:
If you have a website, we’re happy to help you draft language. The same goes for text messages or emails to people in your network.

A lot of people have never heard of inheritance advances. In many cases, when they learn about it, they say, “I didn’t know that existed.”

We can help with marketing ideas, and some notaries place a link on their website that says something like, “Are you waiting for an inheritance? You may be able to get money now.”

This is especially relevant in times when rising costs impact everyone. Mobile notaries understand that firsthand, since higher expenses affect both notaries and the people they meet.

Also, as notaries, you are often in people’s homes and hear real financial concerns. That puts you in a position to identify situations where someone may need immediate access to funds they can’t currently reach.

Molly Driscoll:
One question that keeps popping up is how notaries fit in beyond referrals. Is there another part they’re missing?

Marc Harris:
There are two main opportunities.

First, you can identify potential customers and earn referral fees when we fund an advance.

Second, we frequently need notaries for document signings because we do business in every state. Even though some documents can be signed electronically, we still do many transactions the traditional way and hire notaries regularly.

So please make sure you provide your contact information so we can reach out when we need notarizations in your area.

Molly Driscoll:
If you need to share your information or have follow-up questions, you can contact Marc. Call 561-476-0018 or email marc@probatecash.com.

Thank you for joining us today, and have a great day.