Understanding Wills and Trusts

As provided by Leonard Spoto of Asset Exchange Company : Many of our 1031 Exchange clients hold title to their investment property in a Trust.  To understand why it may make sense to review the basic differences between Wills and Trusts: Will Basics: •    A will is a legal document that states your intentions and identifies to…

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Reducing Your Tax Burden by Owning Real Estate

April 2009: With tax season in full swing and April 15th just a few short weeks away, we figured it would be appropriate to discuss the significant tax benefits that accompany real estate ownership. With real estate, there are tax advantages available while both owning and selling real estate.  Let’s first discuss the advantages available…

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