Does a Delaware Statutory Trust Hold Title to Real Estate?
Real estate investors who need to complete 1031 exchanges may choose to invest sales proceeds from their relinquished properties into Delaware Statutory Trusts (DSTs).
What Financial Advisors Should Know About 1031 Exchanges
As a financial advisor, you want to offer your clients helpful guidance and sound advice—that’s why they engage your services, after all. In many cases, you may suggest investment options and strategies that the client isn’t familiar with, so they rely on you to know the details and to provide suitable suggestions. Depending on your client, you may offer assistance with various tasks ranging from retirement forecasting to budgeting to estate planning. Often, you will recommend investment choices and offer tax management strategies.
Does a Limited Power of Attorney Need to Be Notarized?
The grant of a power of attorney (POA) means the grantor authorizes the grantee to act on their behalf. That's the simple definition, but the topic becomes somewhat confusing due to multiple variations on the basic grant. A power of attorney can be comprehensive or limited, durable or with a defined endpoint, and customized to suit the principal's needs.
Tenants In Common Right To Occupy: A Closer Look At This Unique Property Right
Tenants in common, also referred to as tenancy in common, or TIC, is a traditional form of joint property ownership.
Can You Depreciate a Delaware Statutory Trust?
The depreciation deductions for a DST are based on the cost of the underlying real estate assets. Investors can claim depreciation deductions for the remaining useful life of the real estate assets. Investors who sell their interest in a DST may have to recapture any depreciation deductions that they have claimed. Let’s go through the details of how all of this works.
What Is The Purpose Of A Cy Pres Doctrine?
The Cy Pres doctrine is a legal principle crucial in various legal and charitable contexts. It originated from the French phrase "cy pres comme possible," meaning "as near as possible." Still, it has evolved and expanded to serve a variety of purposes. Now, courts use the doctrine when a charitable objective cannot be fulfilled as initially planned.
Can Furniture Be Used in a 1031 Exchange?
In real estate transactions both large and small, it’s common to have incidental property – furniture, fixtures, and equipment – included with the buildings that are bought and sold.
The Role of Operating Partnership Units in UPREITs
Among the opportunities for fractional real estate ownership, one increasingly popular vehicle is the UPREIT (Umbrella Partnership Real Estate Investment Trust), a REIT with some distinct components that can help real estate owners.
Is Estate Planning Tax Deductible?
Estate planning is a financial and legal process that allows individuals to efficiently transfer their assets to heirs while potentially minimizing estate taxes and ensuring their wishes are carried out after they pass away. It involves creating wills, trusts, powers of attorney, and other legal documents to protect wealth and ensure a smooth transfer of assets to the next generation. But, is tax planning tax deductible?
How to List a Rental Property for Sale
Rental property is often an attractive investment. Whether you are a hands-on, do-it-yourself owner with a handful of properties or prefer to outsource the details to a property manager, owning rental homes can be a great experience. Still, you may decide to sell a rental unit for several reasons. You might be ready to cash out the appreciation, move into a different property type, or even transition to passive income options. No matter what motivates the sale, you want to maximize the gain and minimize the pain when you decide to sell.
