TENANTS IN COMMON: IS IT WORTH IT?

Tenants in Common

TENANTS IN COMMON Most people in real estate know that one way property can be owned is as Tenants in Common. Tenants in Common consists of two or more people who own a separate interest in real property. That separate interest can be transferred, assigned, or mortgaged to a third party. That is, unless the…

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The Family Bank

The Family Bank

The Family Bank What is a Family Bank? Well, to start, it’s important to understand why a Family Bank may be useful. Why a Family Bank? Most families who have worked hard to accumulate wealth share a concern for the long-term welfare of their offspring. They want them to have security and at the same…

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Deferred Sales Trust

Deferred Sales Trust

A Deferred Sales Trust is a device to defer the taxable gain on the sale of appreciated real property or the like. Typically, when appreciated property is sold, the gain is taxable.  The tax on this gain can generally be deferred or spread out with a sale on installment note.  Such tax deferral is not…

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