Update on Proposition 19 and its Impact
Proposition 19 (also known as ACA 11), which will go to a vote on November 3, calls for the repeal of Prop. 58 and Prop. 193, leading to the creation [...]
The Benefits of Proposition 58 for Parent-Child Transfers
In 1986, California voters approved a constitutional amendment under Proposition 58, allowing the exclusion of property tax reassessments when parents transfer property to their children. Ten years later, provisions for [...]
Can an Irrevocable Trust Take Out a Loan in California?
The general concept of a trust is relatively simple - a formal arrangement where a party (trustor) assigns control of their property or assets to a second-party (trustee) on behalf [...]
Reverse Mortgage Payoff. How Does It Work?
Before getting into the details on reverse mortgage payoffs and how they work, it can be helpful to understand what a reverse mortgage is and why a loved one might [...]
Most Common Reasons Beneficiaries or Heirs Borrow
When a parent dies and leaves his or her estate to children and other heirs, the estate assets must be equalized before any money or property can be distributed. Oftentimes, [...]
Solving Probate Issues with Private Lending
Managing probate estates can be problematic for many reasons, many of which are caused by lack of liquidity in the estate. Private lending can help executors efficiently and responsibly manage [...]