"Sell" estate prior to death...?
Off-the-wall question here but I think it's interesting: Let's say for the sake of argument that I have an estate of real estate holdings worth $5M. My wife and I don't have kids and therefore nobody to pass along our estate to once we die in 30-40 years based off life expectancy. Has anyone heard of a way to sell your estate in advance? If everything is in a trust, and the buyer of my estate becomes the beneficiary upon my death, then they'd inherit my holdings and get a stepped up tax basis as well. Anyone ever heard of something like this? Sort of like a reverse-mortgage but against a portfolio of assets I guess you could say.
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#1 Syndications & Passive Real Estate Investing Contributor
- Investor
- The Woodlands TX / Avon, CT
@Jason Hendrickson
Not sure I understand what you’re trying to achieve. Are you trying to get someone to pay you now for the right to inherit your estate upon the death of you and your wife? If so, many in the Russian Mafia will be more than willing to take you up on your offer. On the negative side your like expectancy would decrease from 40 years to 40 days.
- Don Konipol
