It seemed appropriate albeit a little morbid to wrap up this month’s conversation around generational wealth with your exit strategy. Real estate is a complex, illiquid, often emotional asset. What are you doing to protect that asset and how you want it transferred at your time of death? There are tax benefits you want to secure and protect.
If you own real estate and want it to be transferred easily, think through who you want to receive the property, the liens attached to it and how you want to legally transfer it. We go through your four options.. probate, will, co-ownership, irrevocable trust.
I want your success as much as you do! Want to learn more about how to utilize real estate in your investment plan? Give me a call today! We would love to go to work for you.