{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"021: Making Loans to an Irrevocable Trust Is Possible. Here\u2019s How.","description":"Did you know it\u2019s possible to make a loan to an irrevocable trust? Many people don\u2019t know it is, and even though conventional lending firms might say they do it, they don\u2019t truly understand and often force the borrower to take the loan out of the trust \u2013 negating the benefit. Jim O\u2019Dea, a broker associate with Redwood Mortgage, a private money lender, has been with Redwood for over 14 years and has over 40 years of commercial real estate experience. Jim has made the irrevocable trust loan transaction a niche of sorts and, at Redwood alone, has originated and closed over $150 million in loans. In today\u2019s episode, Kirsten and Jim discuss why making loans to irrevocable trusts is such a difficult transaction, why it happens in the first place, how it is completed and why it is such a tremendous opportunity for families to take advantage of. This is an educational episode of Absolute Trust Talk not to be missed.  Top Takeaway From Episode #021: This type of loan transaction is a benefit, an opportunity, and an educational experience for many families, and many people don\u2019t know that it\u2019s out there as an option. Time-stamped Show Notes: 3:11 \u2013 Jim discusses why making loans to irrevocable trusts is such a difficult transaction 7:06 \u2013 Jim talks about a typical scenario in which clients are referred to him and his business 13:28 \u2013 Kirsten asks Jim to give an example of how the loan amount is calculated 24:21 \u2013 Kirsten asks Jim to share an example of tax benefits to the family doing the loan to an irrevocable trust 25:38 \u2013 Jim shares how he got into this specific loan business 28:40 \u2013 Why families often miss this loan opportunity 31:28 \u2013 Are there other opportunities to make loans to irrevocable trusts? 33:35 \u2013 Could this type of loan transaction take place if there is another type of property, other than the family home? Episode #021 Freebie: Excel Spreadsheet \u2013 Deriving Loan Amounts on Irrevocable Trusts Didn\u2019t know that making loans to an irrevocable trust was possible, but it is. Absolute Trust Talk guest Jim O\u2019Dea has helped many clients make this difficult loan transaction possible, and he\u2019s ready to help get you started too. Jim has developed a special Excel spreadsheet that lends a hand in determining the potential loan on an irrevocable trust loan. In addition, it serves as a handy checklist, taking into account the many variables that could impact the loan amount. Click here to download your copy of this specially developed spreadsheet. Take the Next Step in Your Estate Planning Journey If this episode resonated with you, we'd love to help you with your own estate planning needs in California. Schedule a complimentary discovery call with our team at Absolute Trust Counsel. During this no-obligation conversation, we'll: Learn about your unique situation and goals Answer questions about our services Determine if we're the right fit to work together  Visit https:\/\/absolutetrustcounsel.com\/scheduling\/ or call 925-943-2740 to schedule your free discovery call today. Follow and Review: We\u2019d love for you to follow us if you haven\u2019t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We\u2019d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select \u201cRatings and Reviews\u201d and \u201cWrite a Review\u201d then a quick line with your favorite part of the episode. It only takes a couple second and it helps spread the word about the podcast. Episode Credits: The Absolute Trust Talk podcast is brought to you with the help of Q2Mark, led by Chief Marketing Officer Susie Hays. Since 2016, Q2Mark has partnered with Absolute Trust Counsel on all marketing communications\u2014from brand development and website design to this podcast series with over 192 episodes, social media management, video production, and more. If you're business owner looking for comprehensive marketing support, visit Q2Mark.com. ","author_name":"Absolute Trust Talk","author_url":"https:\/\/absolutetrustcounsel.com\/podcast","html":"