Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 12 years ago,

User Stats

34
Posts
1
Votes
Kacey W
  • Real Estate Investor
  • Dallas, TX
1
Votes |
34
Posts

Key Person Insurance, Estate Planning, etc.

Kacey W
  • Real Estate Investor
  • Dallas, TX
Posted

I am looking for ideas on how to set up a successor plan in case something happens to myself, and I can no longer take care of my RE portfolio. I have a few commercial properties held in separate LLCs, and a few properties in different partnerships/LLCs. If I were to die today, how would I legally pass these on to my wife? I am looking into key person insurance/term life policy to possibly cashout the partnerships, and also get my will/estate plan in order.

I am also implementing a process/procedures manual for her to take over if needed.

Anyone have ideas/experience on some things to cover my wife and myself? What must a guy do to make sure his wife and family do not have problems after an untimely death?

Are there any articles or books on the subject?

Thanks

Loading replies...