Homestead Exemption and Planning

What is Homestead Exemption Planning? Homestead Exemption planning is the process of reorganizing one’s wealth so that much of it is protected (or “exempt”) by law from creditor attachment, even though it’s still owned by that individual. There are some asset types exempt under federal law, but most exemptions come from state law. Then there […]

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Non-Qualified Personal Residence Trusts

What is a Non-Qualified Personal Residence Trust (Non-QPRTs)? While a Qualified Personal Residence Trust (QPRT) has many potential benefits, it also has some glaring drawbacks; namely, if the grantor dies before their right to live in the home taxfree expires, they will be worse off, from an estate-tax standpoint, than if they had not used […]

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Foreclosure is Not Always Tax Free

Video Transcript A lot of you are losing your homes and your investment real estate. A lot of you have mortgages on that real estate that exceeds your cost of the real estate. In that case, you probably have a mortgage on you real estate which exceeds its basis. There’s a trap. It adds insult […]

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Co Ownership Planning (JTWROS – TIC – TBE)

What is Co-Ownership Planning and JTWROS? Co-ownership planning is defined as the concurrent ownership of property by two and wife. When we refer to co-ownerships, we do not usually mean the ownership of business entities by multiple individuals (unless an undivided interest is held jointly or as tenants by the entirety), nor are we referring […]

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