As many Californians are aware, a home undergoes reassessment at “ current market value” if it’s transferred, inherited, sold or gifted from one party to another – and, in turn, taxes on the property often increase significantly providing additional revenue … Continue reading →
A trust loan is commonly used to facilitate an equal distribution to the beneficiaries of an irrevocable trust. This is typically done in order to take advantage of the California Proposition 19 Parent to Child Property Tax Transfer which allows … Continue reading →
There are really just a couple options when it comes time to make a decision on the disposition of real estate at the time of distribution. Sell the property and distribute the proceeds or one (or more) of the beneficiaries … Continue reading →
On November 3, 2020, California voters approved Proposition 19, the Home Protection for Seniors, Severely Disabled, Families and Victims of Wildfire or Natural Disasters Act. Proposition 19 is a California constitutional amendment that limits people who inherit family properties from … Continue reading →
Recently there has been debate in California if Proposition 13 and Proposition 58 still make sense. Without hesitation, the answer is yes. In June of 1978, California voters passed Proposition 13 with 65% of the total vote. Still, to this … Continue reading →
Commercial Loan Corporation will be attending the 2019 – 41st Annual UCLA / CEB Estate Planning Institute at the Marriott in Marina del Ray. If you will be attending the event please visit our Senior Account Executive, Mike Riggs at … Continue reading →