On today’s episode of Probate Notes, join Sam for an eye-opening discussion with Tanis Kluever, a senior account executive from Commercial Loan Corporation (CLOANC), who specializes in the niche field of probate and irrevocable trust loans.

Have you ever wondered why major banks steer clear of these types of loans? Tanis shares her fascinating journey from managing restaurants to becoming a key player in the real estate lending industry. Her passion for helping people navigate the complexities of probate shines as she explains how these unique loans rely heavily on property collateral rather than personal credit guarantees. Sam and Tanis explore the specific criteria and types of properties eligible for these loans, including the intriguing concept of the 65% loan-to-value comfort zone.

Sam and Tanis also venture into the practicalities of managing loans within estate settlements, offering invaluable guidance for fiduciaries and administrators. Tanis unveils how beneficiary loans can be a lifeline for covering probate costs, preventing foreclosure, and addressing creditor debts when cash is short. Discover how these loans help balance asset distributions, allowing heirs to retain cherished properties without sacrificing low property tax rates under Proposition 19. Sam and Tanis stress the need for homeowners insurance and current property taxes, guiding you step-by-step through the understanding and securing of loans tied to trusts.

As a neutral third party, Sam and Tanis aim to empower families to make well-informed financial decisions, offering our insights without charging consultation fees. Don't miss this chance to gain expert knowledge on navigating the intricate world of estate and probate lending.

In this episode, you will hear:

• Introduction to specialty lending in California probate with expert Tanis Kluever from Commercial Loan Corporation
• Tanis's career transition from restaurant management to real estate lending
• In-depth discussion on probate and irrevocable trust loans, focusing on collateral over personal guarantees
• Explanation of beneficiary loans and their role in addressing foreclosure risks, probate expenses, and creditor debts
• Maintaining low property tax bases under Proposition 19 and balancing asset distribution among heirs
• The necessity of homeowners insurance and keeping property taxes current for securing estate loans
• Real-world examples and strategies for using probate loans to resolve complex estate settlement scenarios

Resources from this Episode

cloanc.com/tanis-kluever-trust-loan-specialist

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Episode Credits

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