NEWPORT BEACH, Calif., March 10, 2021 (SEND2PRESS NEWSWIRE) — Now that limitations and changes to CA Proposition 58 property tax breaks became active Feb 16, 2021 due to Proposition 19 \u2013 popular estate & trust lender Commercial Loan Corp in Newport Beach is offering heirs and beneficiaries inheriting a home from parents a Free Consultation & Estimate of Property Tax Savings \u2013 to keep their parent\u2019s low property tax base.<\/p>\n
This Free Consultation for Property Tax Savings<\/a> helps evaluate the benefit of a loan to an Irrevocable Trust, specifically for beneficiaries who want to keep inherited property at their parents\u2019 low property tax rate \u2013 avoiding current market reassessment. This often involves a fast buyout of siblings looking to sell their share of the same inherited property.<\/p>\n Families, beneficiaries, or their attorneys, who want to take advantage of Commercial Loan Corp\u2019s Free Consultation for Property Tax Savings<\/a> are calling the firm\u2019s main office at 1-877-464-1066. The firm assists families and beneficiaries by helping them avoid property tax reassessment, and determines how much a family can expect to save in property taxes (on average saving more than $6,000 per year); as well as weighing costs and benefits of a trust loan working alongside Proposition 58 \u2013 enabling a buyout of inherited property from co-beneficiaries, while keeping a parent\u2019s low property tax base. Considered to be one of California’s premier trust lenders, the firm works for 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 the firm\u2019s 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 assisting, 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 Ms. Alonso also elaborates on the firm\u2019s process: \u201cBesides lowering property taxes the key issue for families is selling, versus keeping, inherited property. By someone keeping the family property, everyone receives more money than if they were to sell the property to an outside buyer. 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 property, than if they were to sell the property. Each beneficiary on average is receiving $16,652 more from someone keeping the property, instead of selling it. And the average overall annual property tax savings is $6,043.\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\u00a0to avoid the re-evaluation of property at current tax-rates \u2013 enabling families to retain a parent\u2019s low Proposition 13 tax base \u2013 by obtaining a Parent-to-Child Exclusion, saving a good deal of money on yearly property taxes.<\/p>\n To get a Free Consultation for Property Tax Savings<\/a> to establish a permanent, low property tax base; or to receive a trust loan to buyout co-beneficiaries\u2019 property shares, and learn more about keeping parents\u2019 low property tax base when inheriting family property \u2013 California homeowners and beneficiaries can call Commercial Loan Corp at 1-877-464-1066.<\/p>\n Commercial Loan Corporation<\/strong><\/p>\n Main office: 1-877-464-1066<\/p>\n Mobile texting: 1-917-544-0551<\/p>\n Website: https:\/\/cloanc.com<\/a><\/p>\n Blog: https:\/\/propertytaxnews.org<\/a><\/p>\n Facebook: https:\/\/www.facebook.com\/CommercialLoanCorp<\/a><\/p>\n