The Most Important Things to Consider When Gifting Real Estate to Your Children
The Most Important Things to Consider When Gifting Real Estate to Your Children Gifting real estate property to children is a significant financial and legal decision that requires careful consideration. Here are some important things people need to know when gifting real estate property to their children: TAX IMPLICATIONS Gifting real estate property […]
Joint Tenancy vs. Living Trust
What are the pros and cons of owning real property in joint tenancy versus in a living trust? Owning real property in joint tenancy and through a living trust are two common ways to hold property. Each option has its own pros and cons, but which one would be best for you? Here are some […]
WHAT YOU NEED TO CONSIDER WHEN GIFTING REAL ESTATE
What You Need To Consider When Gifting Real Estate When gifting real estate to beneficiaries, owners should understand the potential for post-gift legal disputes, the property tax implications, and the income tax consequences of the change in ownership. If the property is gifted during the owner’s lifetime, the owner must consider the major legal issues […]
The Gift Clock is Ticking
The Gift Clock is Ticking: Tax Changes to Expect in 2026 Federal tax laws are changing on January 1, 2026. What does this mean? It means the amount that you can give away without gift or estate tax will be cut in half. With that in mind, here’s what you need to know… CHANGES IN […]
Common Bankruptcy Strategies Employed By Delinquent Borrowers To Stave Off Foreclosure Proceedings — And How Loan Servicers Should Combat These Tactics
Common Bankruptcy Strategies Employed By Delinquent Borrowers To Stave Off Foreclosure Proceedings — And How Loan Servicers Should Combat These Tactics While loan servicers are typically willing to explore various foreclosure alternatives with respect to delinquent borrowers, often a foreclosure on collateral is the only realistic option available to the servicer. When faced with an […]
1031 Exchange of a Tenant-In-Common Interest
1031 Exchange of a Tenant-In-Common Interest Have an LLC membership interest in an entity that owns real property? If so, the need to structure your ownership is critical in being able to take advantage of a 1031 exchange. Generally when an interest in real property is sold a tax payer is required to pay taxes […]
Legal Entities and Real Property: Limiting Reassessment
Legal Entities and Real Property: Limiting Reassessment Legal practitioners have rightfully promoted the many advantages of holding real property in corporations, limited liability companies (LLCs), and other legal entities. By doing so a landowner can limit personal liability, exercise a degree of anonymity, and realize various tax efficiencies. However, when advising clients regarding the transfer […]
