Change my mind. "APARTMENTS SHOULD BE HANDED DOWN VIA YOUR WILL"

[Justin Hennig]

What's the best way to divest an apartment asset for an older owner who wants the best for their family is Option #1

1) hand down asset to children via a will

Other options:

2) Sell outright and pay taxes

3) Exchange into a 1031 fund (Merrill Lynch has a 1031 exchangeable index fund starting at $500k I believe)

4) Contract for deed, pay recapture now and taxes gradually (maybe 2nd best option).