Here are the primary ways that you may borrow on trust property.
- Borrow as trustee or successor trustee on California real estate held in a trust. Trustee must have legal powers to sign for the loan.
- Get a cash advance on a trust for which you are a beneficiary. The trust document must be reviewed to determine that there is nothing which prevents you from selling or assigning any part of your interest (typically called an anti-invasion clause or a spendthrift provision).
- Borrow on property which is currently in a trust by purchasing realty and signing for loan personally.