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Under Internal Revenue Code Section 1031, real estate investors may defer recognizing capital gains on their income tax returns. By exchanging real property for another that is similar in type, or “like-kind,” you may defer capital gains taxes, and in some cases,...
When starting a business, one of the decisions owners must make is determining how to structure. Of the available options, ventures with more than one owner often consider organizing as partnerships. To help determine the right structure type for their needs and...
When someone dies, interpersonal conflicts sometimes surface. As estate planning differences develop, the arguments are often heart-wrenching. The best way of avoiding estate battles is by making sure asset planning is in proper order. Hire a professional to check...
Your estate plan can protect your family after you are gone by distributing your assets in the manner you see fit. Living wills are components of estate plans that protect you while you are still alive. Because they play such an important role, you must create a...
For many people, the term estate planning refers to a somewhat vague concept that deals with individuals who have great wealth. In reality, though, estate planning benefits nearly all families and refers to the precise legal administration of a person's assets in life...
Your primary home in one state and vacation home in another must go through separate or ancillary probate in their respective states before transferring to your beneficiaries after you die. A QPRT or qualified personal residence trust may help your heirs avoid the...
An estate plan can help you prepare your affairs and give you a place to provide instructions for your surviving family members. Seeing that your plan unfolds the way you intend will require some help. Carefully selecting your estate plan participants can give you...
If you invest in real estate, you may wonder how best to grow your investments. Perhaps you will decide that starting your own real estate investment company, also known as a holding company, is the best option. Additionally, forming a holding company for your...
Putting together your estate plan can help you protect your interests and make your wishes known regarding your assets. But many people have yet to take this important life step. According to a survey conducted by Caring.com, only 4 out of 10 people in the U.S. have...