Upon Someone's Passing - Trusts, Estate & Entities: Navigating Income & Assets in Residential Underwriting
Date: Tuesday, September 27, 2022
Time: 4:30pm - 7:30pm
Location: Santa Barbara Club, 1105 Chapala
Speaker: Austin Lampson, Branch Manager and Mortgage Professional with Homeowners Financial Group
Austin Lampson is a Licensed Mortgage Professional with over two decades in lending. Austin’s approach to the nuances that guidelines and investors present to homeowners is that of a trusted advisor. Austin coaches clients through their tax, estate, and asset structure implications for obtaining a new mortgage. She also works to ensure they understand how these choices play out for future endeavors as well. Austin saw the need to better educate attorneys, CPAs, Financial Planners and other professionals on the regulated, nuances of lending, and how contracts, Trusts, agreements, and probate may be navigated accordingly.
Overview:
Definition of Trust, Estate & Entity for lending:
- Revocable vs Irrevocable
- Heirs, Trustees, Beneficiaries
- LLC, Corporations, Partnerships
Income Allowances
- Schedule Analysis Method
- Passthrough
- Non-Taxable
Asset Allowances
- Distributions vs Inheritance
- Business vs Personal
- Continuity of Obligation
- Real Estate vs Non-RE
