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👉 VIDEO PART TWO: • DSTs: Harness the powe...
Keynote Speakers:
Samuel Sosa, J.D., SVP SteelPeak Wealth Management
Melissa Tierney, KWSB & The Complete Real Estate Group
Charles Jensen, Inland Securities Corporation
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Unlocking Wealth Preservation and Growth: Deferring Capital Gains, Avoiding Probate, Maximizing Retirement Returns, and DSTs
In today’s financial landscape, informed decision-making is essential to preserving and growing wealth. This article explores key strategies in wealth management: how to defer capital gains taxes, avoid probate, maximize returns in retirement, and utilize Delaware Statutory Trusts (DSTs).
1. Defer Capital Gains Taxes: A Real Estate Investor’s Best Tool
Real estate investors often face capital gains taxes when selling properties at a profit. However, strategies such as the *1031 Exchange* can defer taxes by allowing investors to reinvest sale proceeds into like-kind properties without immediate taxation. This deferral can significantly accelerate long-term wealth building by enabling full reinvestment into new properties, compounding returns over time.
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2. Keeping Your Estate Out of Probate: Protecting Your Legacy
When a person passes away, their estate often goes through probate, a legal process that can be costly and time-consuming. Avoiding probate helps ensure that heirs receive assets efficiently.
#### Strategies to Avoid Probate:
- **Living Trusts**: Placing assets in a living trust allows them to pass directly to beneficiaries without probate.
- **Joint Ownership**: Property held jointly with rights of survivorship automatically transfers to the surviving owner.
- **Beneficiary Designations**: Naming beneficiaries on accounts like retirement plans or life insurance policies also bypasses probate.
By implementing these tools, you ensure a smoother, quicker transition of assets to heirs, free of the delays and expenses of probate.
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3. Maximizing Returns in Retirement: Growing Your Nest Egg
As retirement approaches, it's essential to protect and grow your wealth. A strategic approach to managing your investments and withdrawals can help ensure that your money lasts.
#### Key Strategies:
- **Diversification**: Spreading investments across stocks, bonds, real estate, and other assets helps reduce risk while promoting stable returns.
- **Tax-Efficient Withdrawals**: Planning how and when to take withdrawals from retirement accounts (e.g., IRAs, 401(k)s) can minimize taxes and stretch your savings.
- **Real Estate Investments**: Income-generating real estate, such as rental properties or REITs (Real Estate Investment Trusts), can provide reliable, passive income during retirement.
Focusing on these strategies helps secure a financially sound and comfortable retirement.
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4. Delaware Statutory Trusts (DSTs): A Passive Investment Option
Delaware Statutory Trusts (DSTs) provide real estate investors with a way to diversify without the responsibility of managing properties. A DST allows investors to own fractional interests in large commercial real estate projects, such as apartment buildings, offices, or industrial properties.
#### Key Advantages of DSTs:
- **Passive Income**: DSTs offer regular distributions without requiring hands-on property management.
- **1031 Exchange Benefits**: DSTs qualify for 1031 Exchange treatment, allowing investors to defer capital gains taxes when reinvesting in these trusts.
- **Diversification**: Investing in DSTs lets you diversify across property types and geographic locations, spreading risk across a range of assets.
- **Hands-Free Ownership**: DSTs are managed by professionals, so investors can enjoy the benefits of ownership without the headaches of maintenance or tenant management.
DSTs are an ideal option for those seeking to maintain involvement in real estate investment while minimizing the hands-on burden.
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A Holistic Approach to Wealth and Estate Planning
Deferring capital gains, avoiding probate, maximizing retirement returns, and leveraging DSTs are all essential strategies for anyone focused on wealth preservation. By employing these tools, investors can build and protect wealth while ensuring a lasting financial legacy for their families.
Taking these proactive steps can help you secure your financial future and create a strong foundation for the next generation.
Incorporating these wealth-building techniques into your financial strategy ensures you not only grow your assets but also protect them for the long term.
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Негізгі бет The Ultimate Seminar on Real Estate Planning: Capital Gains Tax, Wills/Trusts/Probate, 1031 exchange
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