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When and How to use the 1031 Exchange

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Also, it’s important to remember that a 1031 Exchange requires the taxpayer to purchase more real estate. Some people don’t want to buy more real estate and are ready to move on to another asset class. They have decided that paying the tax is worth it to free up the cash.

The Magic of the Mega Backdoor Roth

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Don’t get me wrong, the Mega Roth is amazing, but I would suggest you don’t even think about it unless you’ve seriously considered the other strategies above AND have an extra 50k+ to set aside for savings without the need for a current tax deduction.

Eviction Ban Expires Just in Time to Save Landlords

3 houses' roofs with chimneys

Eviction Ban Expires Just in Time to Save Millions of Landlords It’s the beginning of the month and rent is due! The eviction ban has expired! Landlords can finally collect rent from tenants that haven’t paid rent for months.  The Supreme Court stated that it wouldn’t extend the renter protection past the end of July, […]

When to use an LLLP (Limited Liability Limited Partnerships)

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When to use an LLLP…  I have searched far and wide for a good reason to have an LLLP versus using another form of doing business and frankly, I can’t find one. I never recommend them. Although, they have been adopted in now more than 20 states as a more unique asset protection tool, whoever […]

Learn What Not to Do: The Ballad of Prince’s Estate

Prince's poster

Procrastination is easy – especially when it comes to something where the benefits won’t be apparent until you are either incapacitated or have passed away.  However, if you care about saving your loved ones thousands in legal fees, months of time, and a mountain of headaches and worries, then completing your estate plan is truly a caring act of charitable service that you should consider completing before it becomes everlastingly too late.

How to Protect My Residence from a Lawsuit

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For most of us, our home is one of our most valuable assets. It truly is our “castle”, but it can also be one of our most vulnerable assets. Here are 8 strategies that should considered in a well designed Asset Protection Plan.

Where to Set-up my Corporation or LLC

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Choosing the State in which to set-up your corporation or LLC is actually a very straightforward decision. Don’t let someone talk you into setting up your new entity in Nevada, Delaware, Wyoming or Utah…just to name a few.