Trust Loan Blog

Welcome to the Commercial Loan Corporation Trust Loan Blog

Here you will find recent blog articles relating to Commercial Loan Corporation trust loans and mortgages for estates in a trust. These loans help our clients avoid property tax reassessment on real estate being transferred from a trust to an individual. This process uses Proposition 58 to help preserve a low Proposition 13 tax rate. Commercial Loan Corporation specializes in providing our clients with a 3rd party trust loan to make an illiquid trust liquid.

Recent Posts

The California Parent to Child Exclusion From Property Tax Reassessment

Parent Child Exclusion From Property Tax Reassessment

Parent Child Exclusion From Property Tax Reassessment

Commercial Loan Corporation specializes in helping clients qualify for California Proposition 58’s Parent to Child Exclusion from Property Tax Reassessment with our Trust and Estate loans. You may be wondering what the parent to child exclusion from property tax reassessment is. When a parent passes and leaves a child real estate in California, Prop 58 grants the ability for a child to also inherit the parents low property tax base on the property if certain conditions are met and the appropriate documents are submitted correctly to the county tax assessors office.

How does Commercial Loan Corporation help in that situation?

Often times when there are multiple children involved and one of those children want’s to inherit the property and keep the parents low property taxes, the county assessors office will require an equal distribution of assets be made to all children. Unfortunately most Trust & Estates do not have sufficient cash assets for an equal distribution to be made and that may result in the inherited home being reassessed. Commercial Loan Corporation can assist clients in that situation. Unlike most California lenders, we specialize in assisting customers with the California Proposition 58 parent to child exclusion from property tax reassessment. In fact, we are one of the only California lenders that will lend directly to an Irrevocable Trust with no personal guarantee from the acquiring beneficiary which is often a Board of Equalization requirement when the property is held in an irrevocable trust and multiple beneficiaries are involved.

If you, a family member or a client of yours is inheriting property and are interested in transferring a parents low property tax base please give us a call at 877-464-1066. We can answer any questions you may have and provide you with a free analysis of how much your might be able to save by taking advantage of the California Proposition 58 Parent to Child Exclusion From Property tax Reassessment.

  1. Property Tax Transfer Interview Leave a reply
  2. Irrevocable Trust Loan Leave a reply
  3. California Proposition 13 & Proposition 58 Leave a reply
  4. Trust and Estates Terms and Definitions Leave a reply
  5. Parent to Child Property Tax Transfer Leave a reply
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  7. USC Trust & Estate Conference Leave a reply
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  9. California Proposition 58 – Avoiding a sibling to sibling buyout Leave a reply