How Can I Invest in Properties in Different Areas of the Country?
For an investor building a commercial property portfolio, there are important considerations when crafting a balance of assets. For example, you may prefer to focus on a particular sector or class of real estate or develop a varied collection. In addition, if you seek geographic distribution in your acquisitions, there are some options for your method of pursuing that balance.
Do Annuities Have Beneficiaries?
Listing a beneficiary to your assets means providing a contingency plan in case something happens to you. Listing beneficiaries keep your assets out of probate court and makes passing an asset on to specific individuals a fairly frictionless process.
Do Payable on Death (POD) Accounts Go Through Probate?
Leaving instructions on what to do with your assets in case you pass can help relieve some of the burdens of managing financial affairs on surviving family members. There are a number of ways to do this. One is called payable on death or POD. This is basically a beneficiary for the account. But does that stop the account from having to go through probate?
NFTs as an Alternative Asset: What You Need to Know
NFTs, non-fungible tokens, have been around since 2014, but they really became more well-known in 2021. So much so that Collins Dictionary made NFT its word of the year in 2021. NFTs as a concept are pretty nebulous, so what are they and do they have a place in your portfolio?
Can a Beneficiary Sue a Trustee?
Trustees have a huge responsibility; they must properly administer and oversee assets in a trust. A trust, in turn, is a fiduciary arrangement in which a trustor, or grantor, gives the trustee the responsibility of managing those assets.
How Can I Cover a Large Amount of Debt in my 1031 Exchange?
As a real estate investor, you most likely prefer to retain any profit gained from the appreciation in your real estate assets rather than paying it in capital gains taxes when you sell a property and reinvest in another. One strategy for deferring the obligation to pay tax on a capital gain is executing a 1031 exchange.
Can a Beneficiary Be Removed from an Irrevocable Trust?
Many estate planners and individuals like trusts. Trusts can avoid probate issues when the trustor, or grantor, passes away. Trusts could also be considered a good tax strategy. And they can help ensure that assets are professionally managed, keeping wealth and value intact across generations, providing benefits to the beneficiaries.
Is Accumulated Depreciation an Asset or a Liability?
If you’ve been paying attention to our blogs, you know that we’ve written a great deal about the concept of depreciation, and for good reason. Deprecation can provide certain tax benefits to help offset taxable income generated from investments.
What Is Assets Under Management (AUM) and How Is it Calculated?
If you’ve been paying attention to our previous blogs and articles, you know that we frequently suggest that you check with your financial planner/professional before pulling the trigger on investments. But how do you know if your potential financial manager, targeted fund, or institution of interest are reputable and safe?
How State Income Tax Rates Are Affecting State Populations
Amid economic concerns post-2020 and into 2022, the layout of the U.S. population is shifting. While the national population growth rate for 2021 was only .1%, the number of Americans moving across state lines has risen.
