Estate Planning For Real Estate Investors
If you are a real estate investor, the housing market can feel especially unstable with economic shifts, political events, and ever-shifting mortgage rates. This unpredictability is a top reason why you may find it beneficial to seek guidance from our team at Aptt Law LLC. We treat estate planning for Real Estate Investors as a top priority in our day-to-day, studying market trends and using our past and present clients to highlight successful strategies and pinpoint areas of improvement.
There are many considerations to take into account when acquiring and holding onto multiple properties. We can help you comb through options like whether or not you should hold the property in a trust or entity and the types of difficulties that may arise from each route. Most importantly, we are eager to sit down with you and learn more about your personal goals, so we can steer you in a direction that will be most beneficial.
Why Our Attorneys Are Top-Notch For Estate Planning
As a firm, we at Aptt Law LLC don’t focus on a specific type of client, whether considered high-net-worth, mass affluent, or low-net-worth. We understand that everyone has a story of how they got where they are. No matter our individual circumstances, we all deserve to have aspirations, especially when it comes to setting our loved ones up for success after we’re gone.
Our protocol of providing service to those who need it has strengthened our approach to estate planning for Real Estate Investors. We aren’t a fan of fluff and encourage practicality that drives results for you and your family. The technical nature of estate planning and the legalities that come with it are second nature to our firm—we have no doubts that we can surpass any targets you have set for your estate planning.
Considerations For Estate Planning As A Real Estate Investor
It’s likely that as a real estate investor, you have additional areas to think about when envisioning your estate. There are multiple strategies to utilize so that you can maximize the value of your real estate and hopefully minimize tax implications. The following are a few areas to assess:
- Forming A Family Limited Partnership (FLP). Setting up a FLP allows you to continually manage your assets even after you’ve transferred ownership to a family member. This can minimize estate taxes down the line and maintain a sense of structure during the transition.
- Anticipating Capital Gains And Estate Taxes. It can be a double-edged sword knowing that real estate typically increases its value over time, which can result in significant capital gains. Our legal team can help implement tactics that will reduce capital gains that your family may face.
- Taking Advantage Of Gifting. If you decide to gift real estate to your heirs during your life, this can help to decrease your taxable estate. The annual gift tax exclusion gives you the opportunity to distribute real estate holdings without incurring gift tax.
If you are considering estate planning for Real Estate Investors but aren’t sure where to start, we recommend setting up a consultation at Aptt Law LLC.
Disclaimer:
- The Rhode Island Supreme Court licenses all lawyers in the general practice of law, but does not license or certify any lawyer as an expert or specialist in any field of practice. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer client relationship.
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- Disclosure Under IRS Circular 230: Any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any tax-related transaction or matter.
