How To Change a Medical Power of Attorney

Power of Attorney (POA) is a universal term that can refer to different grants of authority. Often a POA designation is made to facilitate one person representing another in business, financial, and legal matters (although the person granted a POA is typically not an attorney). However, perhaps the most common usage of POA is for medical and healthcare purposes. In many cases, the grant is called a healthcare proxy, and every state has some regulations covering this special-purpose declaration.

May 13, 2023

How Delaware Statutory Trusts (DSTs) Can Diversify Your Real Estate Investment Portfolio

In many cases, portfolio diversification can help support a successful investment strategy. The right moves can help potentially spread  risk and generate steady returns. The idea behind portfolio diversification is that investors shouldn’t put all of their investment eggs in a single basket (in other words, avoid investments in similar investment vehicles).

May 12, 2023

What is Tax Alpha?

When someone invests in a stock, their goal is to see a positive return on the investment. Investing in an S&P 500 fund means market returns. In other words, this fund should return the same as the S&P 500 index, the fund’s benchmark. 

May 11, 2023

Understanding Delaware Statutory Trust (DST) Termination and Liquidation

We’ve written many blogs concerning Delaware Statutory Trusts (DSTs) and potential investment advantages. DSTs are real estate investment vehicles that buy and manage real estate. Through this process, DSTs can offer investors access to institutional properties with a relatively minimal investment.

May 11, 2023

What are Strategies for Business Exit Planning When the Business Owns Real Estate?

Growing a business typically takes a ton of time, energy, and equity. Regardless of where your clients are in the growth cycle of their enterprises, it’s important they have well-defined exit strategies in place. These strategies can be used as a roadmap to help guide them through crucial business decisions, as well as provide an end-goal target for all of their efforts.

May 10, 2023

Can Individuals Invest in Opportunity Zones?

The passage of the Tax Cuts and Jobs Act in 2017 created the Qualified Opportunity Zone program. The program was designed to encourage investment in economically disadvantaged communities. When the legislation passed, each state and territorial governor had the opportunity to nominate specific census tracts as QOZ-eligible. The Treasury Department completed the final evaluation and determination; currently, over 8700 areas are eligible. The selection process considered median income and the pervasiveness of poverty.

May 10, 2023

What Can You Buy With a 1031 Exchange?

A 1031 exchange is an investment and tax tactic that gets its name from Section 1031 of the Internal Revenue Code. The execution of a 1031 exchange may allow a taxpayer to defer recognition of capital gains taxes when they sell an investment property and reinvest the proceeds into another asset. The rules are strict in some ways, such as the timeline, but generous in others, such as regarding what properties the taxpayer can exchange.

May 9, 2023

What is an Example of Risk Management?

The Oxford Language Dictionary defines risk management as “the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact." That makes sense; investors routinely incorporate risk management into their decision-making process. Part of the task involves determining how much risk is acceptable (risk tolerance) since some people are willing to risk more in pursuit of a greater potential reward.

May 9, 2023

Helping Clients Use Investment Property for Retirement, Income Diversification

David Wieland, CEO and co-founder of Realized, recently provided Family Wealth Report with his perspective on diversification strategies, with a focus on baby boomers with significant real estate holdings. Read the complete article using the link above or review this recap.

May 8, 2023

Do Opportunity Zones Defer State Taxes?

The Tax Cuts and Jobs Act (TCJA) allowed some taxpayers to defer and even eliminate the obligation to pay capital gains tax in some circumstances. Here’s how it works:

May 7, 2023

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