Ampla Finance, the specialist lender focused on legal finance and inheritance-related lending, has completed a £300,000 probate lending facility to help a family settle an inheritance tax shortfall ahead of changes which would have increased the overall liability on the estate.
The family had already covered the majority of a wider inheritance tax bill of around £1m through existing assets and investments. However, a remaining shortfall of £300,000 risked delaying the administration of the estate at a time when additional tax costs were approaching.
Ampla worked alongside the existing funding arrangements, providing the final piece of funding required to allow the estate to proceed without disruption or delay ahead of the 1st April deadline
The case was introduced to Ampla Finance by an independent financial adviser, demonstrating the growing role advisers can play in helping families manage probate-related funding pressures alongside solicitors and other professional partners.
Ampla works with introducers, professional partners and direct customers to provide funding for legal proceedings and lending designed to be repaid from future inheritance, combining technology-led processes with manual underwriting and risk oversight.
Becky Dixon, Growth Manager at Ampla Finance, said:
“Inheritance tax cases often become far more time sensitive than people initially expect, particularly where there are partial funding arrangements already in place and families are trying to avoid unnecessary increases to the overall liability. What can look like a relatively small shortfall on paper can quickly become the factor holding the entire estate process up.
“In this case, the important thing was fitting into a wider structure that was already progressing elsewhere, rather than disrupting it or trying to replace it. These situations tend to work best when everybody involved understands their role, communicates properly and focuses on keeping the process moving for the family involved.”
To find out more about Ampla Finance and its specialist legal finance solutions, visit:
This article was submitted by Ampla Finance as part of an advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the advertiser and not those of Today’s Wills and Probate.
