13 January 2024 | 6 replies
I usually buy each property in a different land trust and have my LLC as beneficiary.
2 September 2015 | 11 replies
If you move the property into a trust that your LLC is the beneficiary of it will still trigger due on sale.
22 July 2024 | 19 replies
However, a well-drafted Purchase & Sale Agreement will include provisions that contract is valid and applies to all heirs, beneficiaries, and successors in interest.Of course, you’re still stuck with having to satisfy title insurance requirements that I’d expect needs to probate this estate to pass title to this asset.
7 October 2024 | 9 replies
However, if the home is inherited, the beneficiaries typically receive a step-up in basis, which can minimize capital gains tax when the property is eventually sold.
7 July 2020 | 0 replies
Owners have been direct beneficiaries of historically low rates for years, and it looks like it will continue.
9 August 2023 | 6 replies
Maybe an irrevocable trust with you as the beneficiary?
9 July 2024 | 12 replies
I'm looking for some methods that they may use to make contact, so that I may use them.You make a good point about the step up in basis, which would probably reduce any incentive for a sale directly from the owner at this point.Is there a way to look up a beneficiary/trustee when the time comes that he passes?
16 October 2024 | 6 replies
You can set up a succession plan within the LLC, making it easier for your beneficiaries to take over or distribute your assets as planned.Streamlined Financing: DSCR loans can be more flexible than conventional loans since they focus on the property’s cash flow rather than your personal income or credit.
3 September 2013 | 19 replies
As Ellis San Jose mentioned, anyone who thinks the worst case scenario is that they'll receive 2/3 or liquidated proceeds is incorrect.In dealing with a pre-probate scenario, the decision must be made if you intend to buy the asset, buy heirs' or beneficiaries' interest, or merely focus on plays that make a profit.If you buy the interest(s) and probate the estate yourself, you become the PR and have the exposure to all known (and unknown) heirs and creditors as the fiduciary.
18 January 2024 | 34 replies
Oh, at least securities can be transferred to anybody you want with a step up in basis and no paperwork --- just designate the beneficiaries.