We frequently have clients call our office and ask us to prepare a deed to gift their real estate to a family member, often a child. Most of the time, the client tells us they want to do so because “they’re going to get it anyway when I die” or because “I want them to have it in case I go into a … [Read more...] about Gifting of Real Estate- Benefits and Burdens
We've written about 1031 exchanges before. What if you want the tax deferral of a 1031 exchange without the headache of a replacement property you must manage? After call, wouldn’t it be great if you could get the tax deferral of a 1031 and a passive investment? A 1031 exchange utilizing a … [Read more...] about 1031 Exchanges and Delaware Statutory Trusts- the Basics
The importance of running a title search on any property you buy is best illustrated by way of example. Let’s say “John Doe” and his wife “Jane” are looking to retire and buy a house outside of Louisville with a little land. They come across exactly what they’ve been looking for situated on five … [Read more...] about Do I really need to run a title search on my property?
Should you have an attorney handle the closing when you purchase a property or refinance property you already own? There are some things you should know before answering this question. First, Kentucky does not require any type of certification, licensing, or training to handle a real estate … [Read more...] about Why Have a Real Estate Attorney Handle Your Closing?
If you are a real estate investor and frequently buy and sell real estate, you must know about §1031 exchanges. A transaction structured as a §1031 exchange can defer taxable gains on certain real estate sales. Sometimes referred to as like-kind exchanges, a §1031 exchange allows a person to sell … [Read more...] about Buy and Sell Real Estate? You Must Know About 1031 Exchanges
By: Terry Bennett Would you consider buying a home that was thought to be haunted? What about a home where a murder occurred? Properties like these are called stigmatized properties. A stigmatized property could be a house thought to be haunted, a house where a murder, suicide or violent crime … [Read more...] about Selling a Haunted House