Navigating property matters among siblings following inheritance can be intricate. Often, one sibling wishes to retain the property, while others might prefer a cash settlement for their share. In such scenarios, a trust loan might be an option as a solution for the sibling wishing to retain the property. Let’s find out how trusts loans […]
This article is intended to break down the details of purchasing a commercial or residential property through bridge financing. It will explain everything from what bridge loans are, and how bridge financing works to the pros and cons of bridge loans, and how to get a private money bridge loan. What’s a bridge loan, and […]
We have officially filed the Repeal the Death Tax initiative with the Attorney General’s office and the public comment period is open! You can tell the Attorney General, “I support Initiative 23-0005.” This important initiative will restore the ability of parents to transfer their home and a limited amount of other property to their children […]
Reverse mortgages can be a helpful option for seniors who have built up equity in their homes. However, it’s important to understand what happens to a reverse mortgage loan after the death of the borrower, especially where the property was part of a trust or an estate. What is a Reverse Mortgage? A reverse mortgage, […]
A trust loan secured by real estate can be a valuable financial tool for managing a trust-held property in California. What is a trust loan? A trust loan secured by real estate is a type of loan provided to a revocable or irrevocable trust, using the trust’s real estate assets as collateral. The trust can […]
Probate is a legal process that is used to distribute the assets of a deceased person to their heirs. This process can be long and complicated, and it can sometimes be difficult for heirs to access the money they need to pay for expenses. A probate loan can help heirs to get the money they […]
Second trust deeds can be secured by commercial, residential, or mixed-use properties throughout California. Loans can often be provided quickly and may not require any income documentation. If you need capital quickly and do not want to disturb your low rate first mortgage, a second trust deed loan may be a good option to consider. […]
An irrevocable trust is a specific trust category in which the terms cannot be altered, amended, or dissolved without the consent of the beneficiary or beneficiaries. In the state of California, such trusts are integral to trust and estate planning strategies, with an emphasis on reducing estate and personal taxes.The grantor relinquishes control of the […]
In California, when siblings jointly inherit a property, they are presented with multiple alternatives to allocate the asset among themselves. One such method is for one sibling to acquire the other siblings’ stakes in the property. However, if done incorrectly, this approach may trigger a property tax reassessment, leading to a substantial increase in property […]