In-House Legal Counsel for Beneficiaries; Proposition 19 & Proper...
Commercial Loan Corp - Newport Beach
Work at Commercial Loan Corp
Overview
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Overview
In-House Job Type:
Attorney Practice Area:
Tax - M&A and Transactions >> Tax - Private Client Services Practice Area:
Trusts and Estates >> Trusts and Estates Practice Area:
Elder Law >> Elder Law Practice Area:
Trusts and Estates >> Estate & Tax Planning We are Commercial Loan Corp, licensed California trust and estate lenders in Newport Beach. We fund trust loans for beneficiaries and trustees lacking legal counsel, generally for tax relief and property buyout purposes. Our fees are paid by the family. We are referring legal needs out to attorneys concerning trust estates and beneficiaries to whom we provide trust loan funding for inherited property buyout and tax purposes, minimizing property reassessment. 40% of the families coming to our firm for trust funding have no attorney. Some have a trustee with no experience, hence the need for an experienced attorney. We need to speak with attorneys in all 58 California counties, as trust estates and beneficiaries from all across the state are referred to us for trust matters. All legal fees are paid from each family. Company Info:
Commercial Loan Corp Company Profile:
We specialize in loans to trusts and estates. When beneficiaries inheriting property from parents wish to buy out co-beneficiary siblings' shares of that property with a trust loan, we provide the financing needed for equal distribution to beneficiaries selling out their inherited property shares in conjunction with Proposition 19 (formerly Prop 58) to avoid property tax reassessment.
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