4 Reasons Beneficiaries Should Borrow Against an Irrevocable Trust
When a loved one passes away and leaves money or assets to others, a process must occur for those items to officially transfer ownership. Unfortunately, trust obligations and personal needs [...]
Managing Your Probate Estate
Since many probate estates have limited liquidity, they're often difficult to manage. If an estate doesn't have enough liquidity to probate, an executor or beneficiary might need to sell [...]
What You Need To Know About Reverse Mortgage Payoffs
Over the last few decades, many homeowners thought that applying for a reverse mortgage was something to be done only in the most dire and desperate of times. When [...]
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 [...]