HCS Equity in Carmel, CA, which has been ranked for the past 15 years by the Attorney Association of California as the number one lender for trusts and estates, requires the following documents for a trust loan:
- Copy of the trust — all pages
- Tax ID number for estate
- Insurance on property
- Successor trustee’s info, excluding Social Security number
- Beneficiary consent letter or attorney opinion letter
- No appraisal is usually required
- Confirmation of how the loan will be repaid — loans can be repaid anytime without any sort of prepayment penalty
