WHAT WEALTHY PARENTS NEED TO KNOW ABOUT GIVING REAL ESTATE TO THEIR KIDS
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✍️ The great wealth transfer is leading to a great real estate transfer, with up to $25 trillion in real estate owned by older generations that could get passed down — and fought over — in their families.
👉 Transfer real estate in a will or trust to avoid a major tax bill 👉 Use LLCs and trusts to shield assets from lawsuits and creditors 👉 Outline usage rules for the property to avoid disputes 👉 Set aside liquid assets for the property's upkeep and insurance 👉 Prepare for the possibility that heirs may want to cash out
-- #WolfgangKaehler #RobertFrank #JereDoyle #ElisaRizzo #DanGriffith #LauraMandel #Edgartown #Martha'sVineyard #Massachusetts #ParkAvenue #Vermont #Nantucket #Montana #realestate
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