General

HCS Equity requires a very limited list of items to apply for a trust loan Copy of the trust Tax ID number of trust or probate estate Court letters of testamentary if borrower is a probate estate Insurance on property Equalization agreement among beneficiaries Trustee’s mailing address, phone number, and email HCS Equity will not

According to the California Board of Equalization, a third-party loan provided to the trust must be used to complete a sibling-to-sibling buyout. A sibling is not allowed to contribute their own funds into the buyout without jeopardizing the parent-to-child exemption under Prop. 19. The loans from HCS Equity in Carmel, California are specifically designed to

The California Board of Equalization mandates, under the rules of Prop. 58 or Prop. 19, that to preserve the parent-to-child exclusion from reassessment of property taxes, a sibling is not allowed to use their own cash to buy out their siblings. Funds to facilitate the buyout of siblings must come from an independent third-party provider.

On November 3, 2020, California voters approved Proposition 19 (Assembly Constitutional Amendment 11, Stats. 2020, res. ch. 31), which, in part, added section 2.1 to article XIII A of the California Constitution. Section 2.1 adds new provisions for a primary residence base year value transfer for persons who are over age 55, severely disabled, or