Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Planning for Real Estate with Estate Planning


One of the most important considerations you will need to make in regards to your real estate holdings and your estate includes tax planning. If not handled properly, your estate could end up getting hit with significant losses due to taxes after your demise. To protect yourself and your estate against this possibility, it's important to plan for your real estate with estate planning.

First, it's important to understand exactly what estate planning is and what it is not. Estate planning goes far beyond the simple drafting of a will. In essence, an estate is the total property, both real and personal, that is owned by an individual prior to distribution through a trust or a will. The act of planning your estate involves distribution of the real and personal property to your heirs, taking into consideration all the applicable laws, regulations and possible tax considerations.

The goal of estate planning is to preserve the most amount of your wealth possible for the intended beneficiaries; prior to your death. Due consideration of this must be entered into in order to avoid penalties related to certain Federal and State tax laws. Otherwise the property and wealth that you struggled to earn and obtain during your lifetime could easily be lost to the ravages of poor estate planning after your death instead of benefiting your heirs as you intended.

Wills and trusts are two instruments which are commonly used in estate planning. They have different purposes and very different outcomes, however. Wills are subject to probate court and if they are contested; the result can be a length and costly legal battle. In some cases, the majority of an estate has been whittled away the costs associated with a contested will. It is possible in some situations to avoid probate through the use of a trust and therefore avoid the risk of a long drawn out and expensive legal battle. A trust is used when property is held by one or more persons for the benefit of one or more other persons known as beneficiaries. The holder may be a separate trustee or a beneficiary. A trust is commonly used when there are minor children as heirs; although it could be used for other purposes. Other considerations to avoid possible negative tax impacts on you real estate include lifetime gifts and gifts made while you are still alive.

In some cases you may find that charitable gift contributions are a good way to go because you can take advantage of immediate tax savings as well as future tax savings. Under some circumstances you may be able to avoid the capital gains tax you would accrue if you sold a property as well as take an income tax charitable deduction for the property's full market value when you use it to make an outright gift. Since the property will be removed from you estate, this will also provide future tax savings. Some individuals also choose to plan for their real estate by generating income through a charitable remainder in order to receive income either for life or during a specified term of years.

If you own real estate it is critical that you take care of it with carefully crafted estate planning early on. This can help you to anticipate economic changes without being hit with severe economic impacts later on.

Nicole Soltau is the President and Founder of CreditUnionRate.com.
The Leading Credit Union Directory.
Search, Find, Join.
http://CreditUnionRate.com


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Fortune

Climate Change Is Already Depressing the Price of Flood-Prone Real Estate
Fortune
New research shows that real estate properties in areas affected by extreme weather and sea level rise are losing value relative to less exposed properties. The effects are already substantial, but they may point to a looming collapse as climate change ...



Forbes

Evaluate This Factor To Find The True Winners Among Today's Hottest Real Estate Markets
Forbes
As the presence of social media, instant messaging and “smart” devices continue to encroach on our physical, non-digital lives, I have observed that real estate markets are becoming hyper-localized, even more so than they were in the past. Any real ...



New York Times

Can I Stop My Neighbor From Running an Airbnb?
New York Times
A single-family residence has different fire safety requirements than a hotel and restrictions on which rooms can be used as bedrooms, according to Jared E. Paioff, a real estate lawyer and a partner in the New York City law firm Schwartz Sladkus Reich ...



The Denver Post

Big industrial deals have more real estate investors taking note of Denver market
The Denver Post
The sale, totaling 1.93 million square feet of space, was the single largest industrial deal on record for the Denver metro area, according to real estate services firm CBRE. It was hardly the only industrial transaction to close in the first three ...

and more »


Sacramento Bee

A Woodland mansion is listed for $3.9 million. Why SF residents may call it a bargain
Sacramento Bee
Perhaps the hottest home in the whole country to hit the real estate market this week, an immaculate Victorian mansion in Woodland boasts six bedrooms, 11,200 square feet and a gorgeous exterior, with a list price of $3.85 million. And, with ...

and more »


Milwaukee Journal Sentinel

Real estate values climb throughout city of Milwaukee
Milwaukee Journal Sentinel
In addition, every category of residential and commercial properties has increased, with apartments climbing in value by more than 10% overall. The total assessed value of property in the city is nearly $27 billion in 2018, an increase of $1.7 billion ...



Real Estate Transactions: April 21, 2018
Fairfield Daily Republic
Real Estate Transactions: April 21, 2018. By Daily Republic. BENICIA. TOTAL SALES: 11. HIGHEST AMOUNT: $925,000. LOWEST AMOUNT: $460,000. MEDIAN AMOUNT: $688,000. AVERAGE AMOUNT: $636,318. 583 Capitol Drive – $725,000, 03-22-18 [4 Bdrms – 2714 SqFt ...



Albany Times Union

Real estate news and happenings - Times Union
Albany Times Union
Ryan Clark, manager of the Berkshire Hathaway HomeServices Blake Niskayuna office, will also manage the new Schenectady office. (Photo provided). Ryan Clark, manager of the Berkshire Hathaway HomeServices Blake Niskayuna office, will also manage the ...

and more »


Charleston Post Courier

Real estate advocates showcase sustainable communities, ecological ideas around Earth Day
Charleston Post Courier
Jennifer Howard was musing the other day "about how different communities embrace and promote sustainability and environmental awareness," what with Earth Day approaching on April 22. She started thinking after visiting Summers Corner, a newer ...



Palo Alto Online (blog)

Retail's Real Estate Glut is Growing
Palo Alto Online (blog)
That is the headline in a Business Week article this week. Last year 105 million square feet of retail space was announced for closure and this year so far the total is 77 million square feet in just the first three months. Readers are familiar with ...

and more »

Google News

home | site map
© 2006 TIGER MEDIA