NEWPORT BEACH, Calif., Feb. 3, 2021 (SEND2PRESS NEWSWIRE) — With only 13 days left before California Proposition 58 property tax breaks undergo changes and limitations imposed by new tax measure Proposition 19, on Feb. 16, 2021 \u2013 popular trust lender Commercial Loan Corporation is offering Heirs of Estates and Trust Beneficiaries, who are inheriting a home from parents, a free benefit analysis.<\/p>\n
Californians who want to keep their parents\u2019 low property taxes, can call 877-464-1066 or visit online for a free Cost Benefit Analysis & Evaluation<\/a>. Commercial Loan Corp assists families and beneficiaries by taking advantage of Proposition 58 and its\u2019 \u201cParent-to-Child Exclusion\u201d or \u201cExemption\u201d \u2013 avoiding property tax reassessment, and determining how much beneficiaries and homeowners can expect to save in property taxes (on average saving $6,000 or more per year).<\/p>\n The free Cost Benefit Analysis shows families what their options are, in terms of keeping an inherited home at a low property tax base, buying out co-beneficiaries, or selling inherited property shares through a trust loan\u2026 and compares costs as well as benefits of such a loan. Considered to be one of California’s premier trust lenders, the firm is known for working successfully for both affluent and middle class families alongside their attorney, accountant or property tax consultant, as many families attest to<\/a>.<\/p>\n Tanis Alonso<\/a>, Senior Account Manager with Commercial Loan Corp, describes their boutique estate & trust lending service: \u201cWe don\u2019t view each trust loan scenario as simply a \u2018financial transaction.\u2019 Nor do we see the home they\u2019ve lived in for decades as just a \u2018piece of real estate.\u2019 To us, this a \u2018piece of family history\u2019 in the making. And the process a \u2018family decision,\u2019 not a \u2018transaction.\u2019 We see our clients as real families that we\u2019re helping, financially and emotionally, not just as clients signing a contract for a trust loan. We enjoy helping people\u2026 getting them money when they really need it \u2013 and saving them on the cost side in the bargain, with a trust loan.\u201d<\/p>\n Tanis also elaborates on the firm\u2019s process: \u201cOK, selling versus keeping inherited property. By someone keeping the family property, everyone receives more money than if they were to sell the property. When taking into account realtor and transaction costs of approximately 6.5%, the average trust receives $45,716 more to distribute by using a trust loan to keep to property, than if they were to sell the property. Each beneficiary on average is receiving $16,652 more by someone keeping the property, instead of selling it. And the average annual property tax savings is $6,043.\u201d<\/p>\n Account Exec Abe Ordaz<\/a> discusses the free Benefit evaluation offer: \u201cWe are providing every family, beneficiary or heir inheriting a home left to them in an estate or trust, with a free \u2018cost benefit analysis\u2019\u2026 to see how many thousands of dollars per year we can save them in property taxes. As opposed to their property being reassessed at high current rates.\u201d<\/p>\n Commercial Loan Corp\u00a0originates loans to trusts and estates in probate, and helps to maximize the distribution of funds to a trust or estate; allowing beneficiaries to buyout inherited property from co-beneficiaries. When providing mortgages to trusts or estates in probate, the firm helps clients take advantage of Proposition 58 or Proposition 193 to avoid property tax reassessment and to retain a Parent\u2019s or Grandparent\u2019s low Proposition 13 tax base \u2013 frequently obtaining a property tax reassessment \u201cexclusion\u201d for families, saving them a good deal of money on property taxes.<\/p>\n