The buyer pays the real estate transfer tax, normally 2%, plus closing costs averaging 5% to 7%.
The buyer pays the real estate transfer tax, normally 2%, plus closing costs that average 5% to 7%.
"I think if we don't buy that time, there's a foregone conclusion that we will very shortly start going down the path of converting the plant or the real estate into a transfer station and I think most of us are very unhappy with that possibility, " Mr. Stein said.
Mr. Ota suggested that Dr. Liljestrand form a limited partnership and transfer the real estate held by the trust to the partnership.
FORBES: Family Limited Partnerships Require Good Planning and Execution
Depending on your state, you may be able to set up payable-on-death designations on your bank accounts and transfer-on-death designations on your brokerage accounts, vehicle(s), and real estate as a way to make sure assets transfer outside of probate.
FORBES: 5 Non-Romantic But Vital Things to Do This Valentine's Day
Most people should transfer their bank accounts, real estate and other assets into their trusts during lifetime.
FORBES: Pass The Turkey With A Side Of Celebrity Estate Planning Stories
She said she expected it would transfer its assets into a real-estate investment trust, giving them a higher valuation, so she recommended its shares before other investors saw the shift coming.
The actual process of buying or selling property is quite fascinating, with the vast majority of the laws governing the real estate sector firmly rooted in the 19th century (Transfer of Property Act 1882, and the Indian Stamp Act 1899) with little updating done to reflect the realities of the modern era.
FORBES: India's Real Estate Boom Yields Suitcases Full Of Cash
The Internal Revenue Service has a low-profile but sweeping effort under way to use state land-transfer records for evidence of omissions in reporting gifts of real estate to family members.
You can transfer stock in a startup before it appreciates, or stick real estate in a family limited partnership and then give partnership shares at a discount from the value of the underlying assets (FORBES, Apr. 17 ).
The transfer will allow them to move to an area that is more affordable, where the real estate market may create some equity for them in retirement, and she will be able to pay off the new house in ten or fifteen years.
应用推荐