The Alternative to the 1031 Exchange - Shared screen with gallery view
I have a Charitable Remainder Trust, can you later reduce the income % rate?
is is this really only ideal for those who do not have family to pass the asset or money to? or is the family to create a Charity?
what if one or both sellers pass a
If you pay too much and the value drops, below the initial amount, what are the negative consequences?
what if one or both sellers pass in a year or 2 years after the sale, what happens to the money?
So if the withdrawal rate is more than the trust earns and the charity gets less than starting amount, are there tax consequences? Is the income stream taxed?
if you did a bridge loan to clear the debt can you pay it off when the property is sold and not incur a taxable event
Couldn't you just have the person in the wings enter an escrow for them to buy the CRT and pay off the loan in the escrow?
how does the age changes the formula and distribution?
Once a property goes into this trust, can it be changed to another trust or if it does it will have tax consequences.
Does the seller has any say-so in what the Trust invests in? And if the stock market were to have a total crash, could the seller then end up with no income?
You mentioned about existing loans to be paid off at the time of the sale, could this loans be private loans and if so, is there seasoning issues or not.
But the alternative for the 85 year old, is the heirs would get step up in basis if they kept property to death, correct?
Please discuss cost to do this!!
car chief economist