My mom barely lives off the income from her properties that she worked her butt off to obtain over ~30 years. She now lives in a memory care facility, and her properties are part of an irrevocable trust. The property ...
I purchase a property that is held in a irrevocable trust. We did a 1031 exchange purching this property. Soon this trust will be closing. My question is this, will I be hit with the capital gains upon the transfer of...
In November, Proposition 19 passed in California. This Proposition changes the way Prop 13 works, the monumental proposition from 1978 which fixed property taxes in California to 1% of the purchase price plus inflatio...
I have some rentals of my own and each is in an LLC with its own bank account. I’m about to begin being prop mgmt of a SFH for an investor with a separate company I have established. How do people handle funds? Do I p...
I have a tax question. I have a financial advisor friend who said he can defer taxes (similar to 1031) from real estate proceeds into a charitable remainder trust or CRT. First, does anyone know if that is true? Now i...
My step mom is giving me a house and we want to be aware of the best options to transfer ownership in my name, while avoiding any heavy tax consequences. Any insight would be great!
Asking for a friend; this is all the info I have, but I can request more from him based on your feedack:The family has a house in a trust. The executor of the trust is my friend's mom. It formerly belonged to their de...
Thank you to anyone in advance that could help me with this loaded question / situation. My father use to own a piece of industrial land with two commercial rental bays on the lot. About 9 years ago he transferred tit...
BP!! Just a quick question I am hoping someone can shed some light on. I have been searching through the Property Appraiser's website for Absentee Owners and I keep seeing these Trusts, Living Wills, Irrevocable/Rev...
Hi All,My family has an irrevocable trust that we established last year that has a savings account established with it and we want to use the money in the trust to purchase some property as an investment and I guess I...